Shibarium Bridge Suffers 'Sophisticated' Flash Loan Attack, with $2.4 Million Drained

Shibarium bridge suffers 'sophisticated' flash loan attack, with $2.4 million drained

Shibarium Bridge Hit by $2.4 Million Flash Loan Attack

The attacker gained two-thirds validator control by borrowing 4.6M BONE, draining $2.4M in ETH and SHIB. KNINE tokens worth $700K were seized but blacklisted by K9 Finance DAO, blocking liquidation. Developers paused staking, secured validator keys, and enlisted Hexens, Seal 911, and PeckShield for investigation. The Shibarium bridge, which links the Layer 2 network to Ethereum, was breached on Friday in a flash loan attack that drained $2.4 mil…

Shibarium Bridge Falls Victim To $2.4 Million Drain Attack

Shibarium, the Ethereum-based Layer 2 scaling solution built around the Shiba Inu ecosystem, has suffered a major security breach, leading to the loss of about $2.4 million in assets. The drain attack has since prompted intense immediate emergency responses. Hacker Uses Bridge Funds To Seize 4.6M BONE In an X post on September 13, the development team behind the Shiba Inu (SHIB) token revealed that a hacker leveraged funds from an earlier bridge…

‘We are aware…’: Shiba Inu team responds after $2.4 mln Shibarium bridge attack

The Shibarium bridge attack disrupted consensus, drained ETH and SHIB, and sparked market volatility, with BONE surging then retracing.

Major Shibarium Security Breach Occurs But Measures Taken: Top SHIB Dev

Top-tier SHIB developer shares details of the measures taken to tackle the recent Shibarium security breach