{"id":51059,"date":"2025-09-14T12:04:10","date_gmt":"2025-09-14T09:04:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=51059"},"modified":"2025-09-14T12:04:10","modified_gmt":"2025-09-14T09:04:10","slug":"shibarium-flash-loan-attack-shiba-inu-funds-safe","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/shibarium-flash-loan-attack-shiba-inu-funds-safe\/","title":{"rendered":"Shibarium Shiba Bridge Hit by $2.3M Flash Loan Attack!"},"content":{"rendered":"

Shiba Inu<\/strong> confirmed that the Shibarium bridge experienced a $2.3 million flash loan attack. Only a limited amount of ETH and SHIB was affected, and all investor funds remain secure.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Shibarium Bridge Flash Loan Attack Details\u00a0<\/a><\/li>
  • Developer Actions and Security Measures\u00a0<\/a><\/li>
  • Market Impact and Token Performance\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Shibarium Bridge Flash Loan Attack Details<\/span>\u00a0<\/span><\/span><\/h2>\n

    On September 14, the Shibarium cross-chain bridge became the target of a sophisticated flash loan attack. The hacker borrowed 4.6 million BONE tokens and gained control of 10 out of 12 validator signing keys, achieving a two-thirds majority. Using this power, the attacker attempted to withdraw approximately 224.57 ETH and 92.6 billion SHIB<\/strong><\/a>.<\/span>\u00a0<\/span><\/p>\n

    Shiba Inu developers acted quickly to suspend staking and unstaking functions, locking the BONE tokens and removing majority control from the attacker. In addition, the hacker held about $700,000 worth of KNINE tokens from the K9 Finance DAO project. The K9 Finance DAO denylisted the attacker\u2019s address to prevent KNINE token liquidation.<\/span><\/span>\u00a0LEASH, ROAR, TREAT, BAD, and SHIFU coins were also affected but have not been moved or sold.<\/span>\u00a0<\/span><\/p>\n

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    UPDATE 13\/09\/25<\/p>\n

    What we know so far about the recent incident \ud83d\udc47<\/p>\n

    How the exploit was executed:<\/p>\n

    \u2022 The attacker used funds from the bridge hack in the same block as the attack to acquire 4.6M BONE to temporarily gain validator voting power, attempting to do it in one\u2026 https:\/\/t.co\/4Ft1VMxeBv<\/a><\/p>\n

    — Shib (@Shibtoken) September 13, 2025<\/a><\/p><\/blockquote>\n