Shiba Inu’s Shibarium Bridge Compromised, Developers Freeze 4.6 Million BONE

The Shiba Inu community is facing a security issue following a major breach of the Shibarium bridge. The attack involved validator key leaks, flash loans, and malicious state changes, leading to vulnerabilities in Shiba Inu’s infrastructure.

Attack Details

Shiba Inu developer Kaal Dhairya confirmed the attack was premeditated, using a flash loan to acquire 4.6 million BONE tokens.
The attacker gained control by accessing validator signing keys and approved a malicious state to siphon assets from the Shibarium bridge.
The developers froze the compromised funds and suspended staking activities, temporarily securing the stake manager reserves with a multisignature setup.
PeckShield, Hexens, and Seal 911 are collaborating with the Shiba Inu team for investigation.

Market Impact

BONE's market price initially spiked by over 20% following the containment announcement but has since declined.
BONE is currently trading at $0.1959, down 4.4% in 24 hours but up 24% from a week ago.
Shiba Inu is trading at $0.00001305, down 7% in the past 24 hours.

Shiba Inu

The breach impacts the Shibarium bridge's integrity, which is crucial for Shiba Inu’s strategy, potentially affecting its and BONE's long-term prices.