Shibarium Bridge Hit by Flash Loan Attack, $2.4 Million Drained
- Flash loan attack drained $2.8 million from Shibarium.
- Shibarium developers took swift containment actions.
- Negotiation ongoing for fund recovery.
On September 13, 2025, Shibarium’s bridge suffered a sophisticated flash loan exploit, resulting in approximately $2.8–$3 million being drained by attackers manipulating validator control.
The attack highlights vulnerabilities in bridge protocols, impacting BONE, ETH, and SHIB prices, and prompting emergency responses and security enhancements from Shibarium’s development team.
On September 13, 2025, Shibarium bridge was struck by a flash loan exploit, resulting in approximately $2.8–$3 million being drained by attackers manipulating validator control via BONE tokens.
The incident raises questions about bridge security, causing volatility in BONE, ETH, and SHIB prices while emphasizing the importance of encryption in validator controls.
Shibarium Bridge Loses $2.8M in Flash Loan Exploit
The Shibarium bridge suffered a sophisticated flash loan exploit resulting in substantial asset drain. The attackers used 4.6 million BONE tokens to manipulate validators, causing emergency network actions.
Kaal Dhairya, a Shibarium developer, confirmed the details and stated that immediate precautions were undertaken to lock affected funds due to unstaking delays. “Because the BONE was delegated to Validator 1, it remains locked (due to unstaking delays), giving us the chance to freeze those funds.”
Market Volatility Follows $2.8M Asset Drain
Funds valued at $2.8–3 million in various cryptocurrencies were drained, affecting liquidity and causing immediate market volatility in BONE and SHIB prices.
Financial ramifications include a temporary decline in Total Value Locked (TVL) on Shibarium, affecting users and liquidity providers. Negotiations with attackers are ongoing for fund recovery.
Security Protocols Under Scrutiny After Attack
Flash loan attacks and validator compromises have a history, with events like those on Ronin and Poly Network resulting in swift intervention and asset recovery efforts.
Experts suggest that improved governance protocols and validator security could mitigate similar risks. Enhanced multisig wallets and secure protocols are necessary to protect against future threats.
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