Hacker Attack on Shiba Inu (SHIB) Network: Developers Issue Statement

Shiba Inu (SHIB) has frozen 4.6 million BONE tokens after it was revealed that they were linked to a security breach in Shibarium, the protocol's Layer-2 scaling ￰0￱ Shiba Inu team has issued an official statement regarding suspicious activity flagged by ￰1￱ project team announced the launch of a comprehensive investigation involving both internal security staff and external ￰2￱ News: Bitcoin Bull Millionaire Arthur Hayes Discusses BTC: “Be Patient, BTC Bull...” According to the update, the details of the hack are as follows: The attacker temporarily gained validator voting power by purchasing 4.6 million BONE in the same block with funds obtained from the bridge ￰3￱ power was used to sign a malicious “state” on ￰4￱ transaction was repaid using 224.57 ETH and 92.6 billion SHIB, similar to a flash loan.

Importantly, it was stated that BONEs cannot be withdrawn because they are delegated to ￰5￱ showed that signing keys for 10 out of 12 validators were ￰6￱ attacker attempted to sell approximately $700,000 worth of KNINE, but all attempts failed because the K9 Finance DAO multisig address was ￰7￱ LEASH, ROAR, TREAT, BAD, SHIFU tokens affected by the attack have not been moved yet. However, the developers reported that they have taken precautions regarding the hack attack: Staking/unstaking operations have been halted to protect community ￰8￱ forensic analysis process was initiated with Hexens, Seal911 and PeckShield. *This is not investment ￰9￱ Reading: Hacker Attack on Shiba Inu (SHIB) Network: Developers Issue Statement