Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Shiba Inu (SHIB) Releases Update Regarding Recent Hack Attack

Shiba Inu (SHIB) Releases Update Regarding Recent Hack Attack

CryptoNewsNetCryptoNewsNet2025/10/03 20:15
By:en.bitcoinsistemi.com

Shibarium, the layer-2 network of the Shiba Inu ecosystem, is preparing to restart its Ethereum bridge, which was shut down following a $4 million hack last month.

The development team announced that a refund plan is being worked on to compensate affected users.

According to the latest report published by the team, all validator keys were changed, more than 100 ecosystem contracts were moved to secure wallets, and 4.6 million BONE tokens were recovered from the attacker's contract.

The attack was triggered on September 12th when a hacker sent fake data to Shibarium's Ethereum-connected contracts. While the system automatically shut down as a security precaution, the attacker simultaneously attempted to gain control over the network by staking millions of dollars' worth of BONE tokens. This attempt resulted in approximately $4.1 million worth of ETH, SHIB, and 15 other tokens being withdrawn from the bridge.

Following the incident, lead developer Kaal Dhairya released a statement on X, stating that authorities had been contacted and that they were open to a “good faith” agreement with the attacker. The team offered the attacker a 50 ETH bonus, worth approximately $225,000, if the funds were returned. However, no agreement was reached, and the stolen assets were moved to different addresses.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

The article analyzes the TGE performance of multiple blockchain projects, evaluating project performance using three dimensions: current price versus all-time high, time span, and liquidity-to-market cap ratio. Projects are then categorized into five grades: S, A, B, C, and D. Summary generated by Mars AI This summary was generated by the Mars AI model, and the accuracy and completeness of its content are still being iteratively updated.

MarsBit2025/11/28 16:26
2025 TGE Survival Ranking: Who Will Rise to the Top and Who Will Fall? Complete Grading of 30+ New Tokens, AVICI Dominates S+

Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

Russian households have invested 3.7 billion rubles in cryptocurrency derivatives, mainly dominated by a few large players. INTERPOL has listed cryptocurrency fraud as a global threat. Malicious Chrome extensions are stealing Solana funds. The UK has proposed new tax regulations for DeFi. Bitcoin surpasses $91,000. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.

MarsBit2025/11/28 16:26
Mars Finance | "Machi" increases long positions, profits exceed 10 million dollars, whale shorts 1,000 BTC

How much is ETH really worth? Hashed provides 10 different valuation methods in one go

After taking a weighted average, the fair price of ETH exceeds $4,700.

ForesightNews 速递2025/11/28 15:05
How much is ETH really worth? Hashed provides 10 different valuation methods in one go

Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost

People tend to overestimate what can happen in two years, but underestimate what can happen in ten years.

深潮2025/11/28 14:53
Dragonfly partner: Crypto has fallen into financial cynicism, and those valuing public blockchains with PE ratios have already lost