Shiba Inu Team Freezes 4.6 Million BONE Tokens Following Shibarium Bridge Attack

The Shiba Inu development team has frozen 4.6 million BONE tokens after blockchain security firm PeckShield identified a sophisticated attack targeting the Shibarium bridge ￰0￱ security breach prompted immediate action from developers to protect community assets and prevent further ￰1￱ Kaal Dhairya confirmed the incident following PeckShield's alert about suspicious activity on the ￰2￱ attackers executed a flash loan exploit to acquire 4.6 million BONE tokens through compromised validator signing ￰3￱ attack method allowed the hackers to gain majority control over the bridge system and attempt asset drainage from the Shibarium ￰4￱ stolen tokens remained locked due to their delegation to Validator 1 and existing staking ￰5￱ technical limitation gave the development team a crucial window to implement emergency ￰6￱ team immediately suspended staking functions and initiated comprehensive security protocols to contain the ￰7￱ Response and Security Measures Shiba Inu developers transferred stake manager funds to a hardware wallet secured through multisignature ￰8￱ team launched a thorough audit of all validator keys to assess the extent of the compromise and identify potential vulnerabilities within the system ￰9￱ stolen tokens were delegated to Validator 1

however they stayed locked due to staking restrictions and this allowed the Shiba Inu team to freeze the ￰10￱ technical safeguard proved instrumental in preventing the complete loss of community ￰11￱ firms Hexens Seal 911

and PeckShield are collaborating with the Shiba Inu team to investigate the ￰12￱ enforcement authorities have been notified about the ￰13￱ development team made an unconventional offer to negotiate with the attackers promising no legal action and offering a bounty reward in exchange for returning the stolen ￰14￱ Impact and Ecosystem Implications At the time of writing BONE is trading at $0.2014 showing an increase of 22.22% over the last 24 hours following news of the frozen tokens and successful containment ￰15￱ market response suggests investor confidence in the team's ability to manage security threats ￰16￱ price