Shiba Inu’s Shibarium Bridge Exploited: $2.4 Million Vanishes in Sophisticated Heist
Another day, another crypto bridge gets pillaged—proving once again that in decentralized finance, the only thing more innovative than the technology is the creativity of scammers.
The $2.4 million Shibarium breach exposes the lingering vulnerabilities in cross-chain infrastructure, raising questions about whether 'trustless' systems are just trusting everyone except the users.
While the team scrambles to patch the exploit, investors are left holding the bag—a classic DeFi tradition that somehow still surprises people who think dog-themed tokens are serious financial instruments.
Shiba Inu: What Actions Have Been Taken To Protect the Shibarium Funds?
Kaal Dhairya explained that the team has paused stake and unstake functionality on Shiba Inu’s Shibarium network. This locks the hacker from removing the funds from the network to his or her account. He also explained thatand is alsoHe stated that if the hacker returns the amount,