Shiba Inu Freezes 4.6 Million BONE Amid Shibarium Attack Concerns

Shiba Inu (SHIB) has frozen 4.6 million BONE tokens due to a breach on Shibarium, its Layer-2 scaling solution. This action aims to prevent further risk or attacks.

Key Points:

The freeze followed an alert from PeckShield about suspicious activity on the Shibarium bridge.
Attackers used a flash loan to acquire the tokens and compromised validator signing keys for control over the protocol.
The stolen tokens remained locked due to staking restrictions, allowing Shiba Inu to freeze them.
Staking functions were temporarily suspended, with funds secured in a hardware wallet via a multisig.
The team is investigating alongside security firms like Hexens and Seal 911.
An offer of a whitehat bounty was made to the attacker for the return of funds without legal action.

Price Movement:

SHIB experienced a price rally of over 10%, reaching $0.00001459.
Analysts predict a potential 163% rally, with the burn rate increasing by 157,726% in one day.

Shiba Inu (SHIB) Price: $0.00001459