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Bunny and Qubit turns to DAO following $80-million bug exploit By


The development team behind Bunny Finance and Qubit has decided to disband the protocol and turn it into a decentralized autonomous organization (DAO).

In an official medium post published on Friday, the Bunny Finance team announced that the exploit on Qubit that resulted in $80 million worth of loss has made it impossible for the team to operate at full scale. Thus, it has decided to disband the protocols and give authority to the community.