If You Hold Shiba Inu, You Should Be Aware Of This Bridge Exploit That Rocked Shibarium

Shiba Inu’s Shibarium network is facing a major setback after a recent bridge exploit that allowed an attacker to move funds out of the platform. In response, the Shiba Inu DeFi team makes a public on-chain offer of a bounty to encourage the return of the stolen assets. At the same time, token prices connected to Shiba Inu fell sharply as investors reacted to the news and questioned the network’s security.

Shibarium Bridge Exploit Results In $2.4 Million Drain

The exploit begins when the attacker uses a flash loan to purchase 4.6 million Bone ShibaSwap tokens, also known as BONE. With this control, they accessed validator signing keys and approved a harmful transaction. That transaction transferred approximately $2.4 million worth of assets from the Shibarium bridge in a shor