Digital art ticks at the speed of the click. Fortunately, a plethora of digital art-focused publications help keep us abreast of all that’s happening.
Decentralized exchange Bunni has suffered a $2.3M exploit on the Ethereum blockchain, per blockchain security scanner Blocksec Phalcon. The exploit occurred on Tuesday and appears to have been caused by unauthorized access. The attackers reportedly targeted Bunni’s Ethereum -based smart contracts, though the exact technique is yet to be disclosed. ALERT! Our system detected a suspicious transaction targeting @bunni_xyz ’s contract on #Ethereum , and the loss is ~$2.3M. Please take actions ASAP. — BlockSec Phalcon (@Phalcon_xyz) September 2, 2025 Per Etherscan , the perpetrators drained funds from the platform to the address 0xE04e… 64f2b, which held Aave Ethereum USDC and Aave Ethereum USDT tokens. Bunni Protocol Pauses all Smart Contract Functions Soon after the initial flagging of the exploit, Bunni protocol posted on X that its team is investigating the breach. “The Bunni app has been affected by a security exploit. As a precaution, we have paused all smart contract functions on all networks,” said Bunni. “Our team is actively investigating and will provide updates soon.” The Bunni app has been affected by a security exploit. As a precaution, we have paused all smart contract functions on all networks. Our team is actively investigating and will provide updates soon. Thank you for your patience. — Bunni (@bunni_xyz) September 2, 2025 Bunni DEX allows users to trade crypto directly with each other, without the need for a central intermediary. The platform relies heavily on smart contracts in order to facilitate transactions. Michael Bentley, Co-founder and CEO of Euler Labs, urged users to “remove funds from Bunni ASAP.” He added that Bunni rebalances funds in/out of Euler, assuring Euler is not affected or at risk. Exploit Exposes Smart Contract Security Risks Smart contracts, which work on blockchain networks, can be used for trading, managing financial transactions and more. Since they are digital, smart contract security becomes crucial. Risks can come from various factors like code bugs, blockchain vulnerabilities, and programming language flaws, notes blockchain security auditor CertiK. In 2023, smart contract vulnerabilities accounted for over $686 million in losses, said CertiK. Experts from Apex, a DEX for derivatives trading, told Cryptonews that these vulnerabilities can be controlled by interacting “only with contracts audited by reputable firms.” Further, limiting token approval permissions can prevent wallet-draining exploits, they added. The post Bunni DEX Suffers $2.3M Hack, Exposes Key DeFi Security Vulnerabilities appeared first on Cryptonews .
The Venus Protocol exploit on BNB Chain transferred roughly $27 million from the protocol’s core pool to a malicious address, primarily affecting vUSDC and vETH holdings; funds remain in an
XRP has formed a candlestick pattern that suggests a potential bullish reversal. The asset has been in a nosedive state for the past several weeks, dropping by more than 20% since its peak in mid-July. New Leg Up? The technical term spinning bottom occurs when the underlying asset’s price goes through wide swings in both directions, but ultimately closes near its opening level. The long upper and lower wicks suggest that both bulls and bears were active, but neither side managed to gain the upper hand. In situations where this setup forms after a steep decline and near a key support level, it’s regarded as a generally bullish sign as bears might be losing momentum. In XRP’s case, this has been evident for the past month and a half as the asset plunged from its ATH of $3.65 in mid-July to a low of $2.7 market yesterday. As with all technical indicators, the spinning bottom does not guarantee a reversal, but it’s often seen as an early sign of a shift. Analysts typically await a green candle close above the pattern’s high for confirmation. Source: Trading View Further Bullish Indicators XRP’s price actions are always a hot topic among the cryptocurrency community due to the sheer size of Ripple’s community. Consequently, the underlying asset is often the subject of price predictions, which can sometimes be quite outrageous. Among the more modest, though, are forecasts of XRP skyrocketing to $6 as the asset continues to consolidate above a key bullish setup. Another analyst laid out the necessary steps the token has to go through in order to recover from its current downfall and surge to a new all-time high of over $3.65. The first phase has been defended, for now, and the next target is breaking past the $2.9 resistance. Ali Martinez further mentioned the popular TD Sequential indicator, which has flashed “back-to-back buy signals” for XRP. Consequently, the analyst with over 150,000 followers on X determined that a “rebound setup [is] in play.” TD Sequential flashes back-to-back buy signals on $XRP . Rebound setup in play! pic.twitter.com/nN8q4TD27c — Ali (@ali_charts) September 1, 2025 The post Ripple Forms Spinning Bottom Pattern: What Does it Mean for XRP’s Price? appeared first on CryptoPotato .