On Friday, Shiba Inu’s Shibarium bridge met an untimely demise at the hands of a clever, digital bandit. A $2.4 million flash loan attack, because who doesn’t love a bit of chaos? In this modern tale of greed and genius, the hacker snagged 10 out of 12 validator keys, granting them the power to drain both ETH and SHIB tokens from the network. Fast, ruthless, and precise-this wasn’t a heist, it was a surgical strike!
Fortunately, Shiba’s developers didn’t just stand there sipping tea. They paused certain functions and locked the remaining funds in a multisig hardware wallet, doing their best to contain the disaster. But no one’s kidding themselves-this is yet another glaring reminder of the ever-present risk that looms over cross-chain bridges in the DeFi world. Welcome to the jungle!
- Shibarium bridge hit for $2.4 million via a flash loan exploit (ETH and SHIB drained!)
- Hacker took control of validator keys after borrowing 4.6 million BONE tokens
- Developers hit the panic button, froze funds, and called in the security pros
The hack was so smooth, it made Shiba Inu developers pause network activities, wondering if they were living in a nightmare. The villain borrowed 4.6 million BONE tokens with a flash loan, snatched control of 10 out of the 12 validator signing keys, and used this newfound power to loot the bridge. A total of 224.57 ETH and 92.6 billion SHIB tokens vanished before the hacker’s address gobbled it all up. Classic move!
Shiba Inu Devs: It Wasn’t a One-Day Job, This Was Months in the Making
In the words of Shiba Inu’s own developer, Kaal Dhairya, this attack was “sophisticated” and had been “probably planned for months.” Oh, the patience of hackers! They used their newfound power to sign malicious state changes and siphon assets from the bridge’s infrastructure. Bravo, hacker, you’ve earned the title of digital mastermind (at least for now).
🚨 Shibarium Bridge Security Update 🚨
Earlier today, a sophisticated (probably planned for months) attack was carried out using a flash loan to purchase 4.6M BONE. The attacker gained access to validator signing keys, achieved majority validator power, and signed a malicious…
– Kaal (@kaaldhairya) September 13, 2025
But the Shiba Inu team wasn’t sipping tea and waiting for things to get worse. Oh no! They quickly paused stake and unstake functionality as a precaution. They even moved stake manager funds from the proxy contract to a hardware wallet-talk about taking your assets off the grid!
The BONE tokens that were used in the attack are now frozen in Validator 1, thanks to some delayed unstaking. This slight delay means the hacker can’t fully cash out just yet. A small victory, right? Just a small one…
Shibarium: Currently Operating Under “Damage Control” Mode
As the Shiba Inu team struggles with the aftermath, Dhairya admitted they are in “damage control mode.” As for where the breach originated? Well, they haven’t quite figured that out yet. Was it from a compromised server or a sneaky developer machine? The mystery continues! But they’re not alone in this mess-they’ve enlisted the help of security firms like Hexens, Seal 911, and PeckShield to figure out who’s responsible for this digital chaos.
Oh, and the authorities? They’re in the loop, too. But here’s the kicker: The Shiba Inu team isn’t just out for blood. They’ve offered not to press charges if the stolen funds are returned-talk about negotiating from a position of strength. Maybe throw in a little bounty for recovering the loot? Why not?
It’s no secret that cross-chain bridges are becoming prime targets for hackers. With their complex security models and massive pools of funds, they’re basically waving a red flag at every opportunistic criminal out there. The Shibarium incident is just another addition to the growing list of bridge exploits that have cost the DeFi ecosystem billions in losses. You’d think they’d learn by now, but hey, what can we say-chaos makes the world go round.
As for the future, Shiba Inu’s team is hopeful. They plan to restore stake manager funds once the validator control is fully secured and key transfers are completed. Full network functionality will return only after they confirm whether the attacker compromised any keys and make necessary security upgrades. And until then? Let’s all sit back, enjoy the ride, and keep our fingers crossed for a better tomorrow. 😬
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2025-09-14 22:11