Shibarium Halts Bridge Operations Following $4.1 Million Exploit

Shibarium's bridge goes dark after attackers drain millions—another day in decentralized finance.

The Exploit Unpacked

Attackers siphoned $4.1 million from Shibarium's bridge, forcing an immediate suspension of all cross-chain operations. The team scrambled to contain the breach—freezing transfers while investigators trace the digital footprints.

Market Fallout

SHIB token holders felt the instant pinch as prices dipped on the news. Another stark reminder that in crypto, bridges sometimes burn before you cross them.

Security Reckoning

This isn’t the first bridge exploit—and it won’t be the last. Protocols promise ironclad security, yet hackers keep finding backdoors. Maybe next time, try a drawbridge?

Looking Ahead

Shibarium vows to restore operations—but trust is harder to reboot than code. In the grand casino of crypto, the house doesn’t always win… but hackers sure seem to.

Hacker Drains Funds From 17 Different Tokens on Shibarium

The latest tweet from SHIB token confirms that the hacker drained funds on Shibarium from over 17 different tokens. The tokens are Ethereum, Shiba Inu, KNINE, Leash, ROAR, Treat, USDC, USDT, BAD, SHIFU, FUND, DAI, LTD, XFUND, WBTC, and OSCAR. The bad actor sold USDT and USDC to ethereum but tried to sell KNINE tokens; however, the wallet was blocked and blacklisted by K9 Finance. All other tokens are still in control of the hacker and are trying to cash out, but are being closely watched.

The team is investigating the root cause of the attack and what led to the compromise of the internal validator keys. The SHIB team has also offered a 50 ETH bounty for the return of the stolen funds.they said.