Hacker used Pancake Swap
The hacker used decentralized exchange PancakeSwap to borrow a large amount of Binance Coin (BNB). He then managed to manipulate the price of Tether (USDT) to BNB, and BNB to BUNNY. As a result, he received a massive amount of BUNNY. The coins were dumped through these flash loans and caused the BUNNY price to crash from around $146 to a dismal $6.17.In a tweet, Pancake Bunny stated that there has been misinformation in the media about the incident and that no vaults had been compromised. According to the company, this was an economic exploit that attacked the price of BUNNY.
Pancake Bunny is not alone
Pancake Bunny is not the only DeFi project that has been attacked by hackers. The DeFi yield farming platform bEarn Fi fell victim to an exploit in its smart contract on Sunday. The user managed to drain $10.85 million worth of Binance USD (BUSD) stablecoins from one of its vaults.In response, the developers of bEarn promised a refund and additional compensation for all users affected by the exploit. The team behind the protocol said they would also create a compensation fund with the remaining saved funds.
Other Binance Smart Chain DeFi projects were also targeted not long ago. Evidently, Uranium Finance, Spartan Protocol and Meerkat Finance were also hacked. This raises questions for Binance Smart Chain investors about whether their funds are secure.
Hackers are seeing opportunities in DeFi
The DeFi market is one of the most explosive trends in the crypto industry. In fact, with the current rapid rate of new projects entering the space, and the growing amount of assets being locked away in decentralized finance, hackers are seeing opportunities to exploit these projects and get their hands on huge amounts of cash. Realistically, it seems inevitable that more of these attacks will happen in the future.Continue reading by joining Cryptonary Pro
$1,548 $997/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
As a Cryptonary Pro subscriber, you also get:
24/7 access to experts with 50+ years’ experience Terms
All of our top token picks for 2025
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
Recommended from Cryptonary
