{"id":47369,"date":"2025-09-13T12:46:45","date_gmt":"2025-09-13T12:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47369"},"modified":"2025-09-13T12:46:45","modified_gmt":"2025-09-13T12:46:45","slug":"bone-price-surges-40-after-shibarium-flash-loan-exploit","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47369","title":{"rendered":"BONE Price Surges 40% After Shibarium Flash Loan Exploit"},"content":{"rendered":"
\n

Shiba Inu\u2019s layer-2 network, Shibarium, was hit by a coordinated exploit that saw an attacker use a flash loan to gain control over a validator, drain assets from its bridge and trigger a temporary shutdown of staking operations.<\/p>\n

The attacker, according<\/a> to Shibarium developer Kaal Dhariya, bought 4.6 million BONE, the governance token of Shiba Inu\u2019s layer-2 network, using a flash loan<\/a>. The attacker then gained access to validator signing keys to achieve the majority validator power.<\/p>\n

With that power, the attacker signed a fraudulent network state and siphoned assets from the Shibarium bridge, which connects it to the Ethereum network.<\/p>\n

Since the BONE is still staked and subject to an unstaking delay, the funds remain locked, giving developers a narrow window to respond and freeze the funds, Dhariya said.<\/p>\n

The Shibarium team has now paused all stake and unstake functionality, moved remaining funds into a hardware wallet protected by a 6-of-9 multisig setup and launched an internal investigation.<\/p>\n

It\u2019s still unclear whether the breach stemmed from a compromised server or a developer machine. While total losses haven\u2019t been advanced, transaction<\/a> data suggests they\u2019re near $3 million.<\/p>\n

The team is working with security firms Hexens, Seal 911 and PeckShield, and has alerted law enforcement. But developers also extended a peace offering to the attacker.<\/p>\n

\u201cAuthorities have been contacted. However, we are open to negotiating in good faith with the attacker: if the funds are returned, we will not press any charges and are willing to consider a small bounty,\u201d Dhariya wrote on X.<\/p>\n

The price of BONE jumped immediately after the attack and at one point saw its value more than double, before a correction saw it move to a gain of around 40% since the exploit. SHIB is up more than 8%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu\u2019s layer-2 network, Shibarium, was hit by a coordinated exploit that saw an attacker use a flash loan to gain control over a validator, drain assets from its bridge and trigger a temporary shutdown of staking operations. The attacker, according to Shibarium developer Kaal Dhariya, bought 4.6 million BONE, the governance token of Shiba […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47369","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47369"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47369\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}