The post Shiba Inu Shibarium Halts Staking After Flash Loan Attack appeared on BitcoinEthereumNews.com. The Shiba Inu ecosystem faces scrutiny after an exploit on Shibarium’s bridge attempted to siphon off more than $1 million worth of BONE tokens. On-chain data showed an effort to move about 4.6 million BONE, immediately drawing a response from the project’s developers. Sponsored Sponsored Shiba Inu Bridge Exploit Coincides With Major ShibaSwap Upgrade On September 13, Kaal Dhairya, a Shiba Inu developer, explained that the exploit was not a flaw in the underlying protocol. Instead, the attacker had gained control of validator keys, which allowed them to approve a fraudulent network state. The maneuver was enabled by a flash loan, suggesting months of preparation and a deep understanding of the bridge’s design. Independent investigators within the community pieced together how the operation unfolded. According to Buzz, a contributor to K9 FinanceDAO, the exploiter used a flash loan on ShibaSwap to purchase millions of BONE and temporarily gain validator influence. The hacker used a flash loan from Shibaswap for 4.6M BONE (the $1m BONE buy people were celebrating) and delegated it to win majority voting power over the validators, which allowed them to sign a malicious state on the chain. The hacker *may* have known that they compromised… https://t.co/xPBkACPI42 — Buzz.eth (@buzzdefi0x) September 13, 2025 With that stake, they pushed through the malicious transaction and simultaneously repaid the loan using funds siphoned from the bridge. Sponsored Sponsored In total, blockchain records show 224.57 ETH and 92.6 billion SHIB tokens were siphoned. Meanwhile, roughly 216 ETH went back into settling the loan, while the delegated BONE stayed trapped by unstaking delays. Developers froze those tokens before they could be withdrawn. The attacker also attempted to sell about $700,000 worth of KNINE tokens. That effort was stopped when K9 DAO’s multisig moved to blacklist the wallet involved. Shiba Inu developers have suspended… The post Shiba Inu Shibarium Halts Staking After Flash Loan Attack appeared on BitcoinEthereumNews.com. The Shiba Inu ecosystem faces scrutiny after an exploit on Shibarium’s bridge attempted to siphon off more than $1 million worth of BONE tokens. On-chain data showed an effort to move about 4.6 million BONE, immediately drawing a response from the project’s developers. Sponsored Sponsored Shiba Inu Bridge Exploit Coincides With Major ShibaSwap Upgrade On September 13, Kaal Dhairya, a Shiba Inu developer, explained that the exploit was not a flaw in the underlying protocol. Instead, the attacker had gained control of validator keys, which allowed them to approve a fraudulent network state. The maneuver was enabled by a flash loan, suggesting months of preparation and a deep understanding of the bridge’s design. Independent investigators within the community pieced together how the operation unfolded. According to Buzz, a contributor to K9 FinanceDAO, the exploiter used a flash loan on ShibaSwap to purchase millions of BONE and temporarily gain validator influence. The hacker used a flash loan from Shibaswap for 4.6M BONE (the $1m BONE buy people were celebrating) and delegated it to win majority voting power over the validators, which allowed them to sign a malicious state on the chain. The hacker *may* have known that they compromised… https://t.co/xPBkACPI42 — Buzz.eth (@buzzdefi0x) September 13, 2025 With that stake, they pushed through the malicious transaction and simultaneously repaid the loan using funds siphoned from the bridge. Sponsored Sponsored In total, blockchain records show 224.57 ETH and 92.6 billion SHIB tokens were siphoned. Meanwhile, roughly 216 ETH went back into settling the loan, while the delegated BONE stayed trapped by unstaking delays. Developers froze those tokens before they could be withdrawn. The attacker also attempted to sell about $700,000 worth of KNINE tokens. That effort was stopped when K9 DAO’s multisig moved to blacklist the wallet involved. Shiba Inu developers have suspended…