The layer 2 network of Shiba Inu, Shibarium, was struck by a coordinated feat which saw a attacker using a flash loan to take control of a validator, drain the assets of his bridge and trigger a temporary closure of the markup operations.
The striker, according to the Shibarium developer Kaal Dhariya, bought 4.6 million bones, the governance token of the layer 2 network of Shiba Inu, using a flash loan. The striker then had access to the Validator signature keys to reach the mainly power of the validator.
With this power, the attacker has signed a fraudulent network state and siphoned the assets of the Shibarium bridge, which connects it to the Ethereum network.
Since the OS is always dotted and subject to a tireless period, the funds remain locked, giving developers a narrow window to respond and freeze the funds, said Dhariya.
The Shibarium team has now interrupted all stake and relaxation features, moved the remaining funds in a material portfolio protected by a multi -9 out of 9 configuration and launched an internal investigation.
It is still not known whether the violation came from a compromised server or a developer machine. Although the total losses have not been put forward, the transaction data suggest that they are close to $ 3 million.
The team works with the Hexens, Seal 911 and Peckshield security companies, and alerted the police. But the developers also extended a peace offer to the attacker.
“The authorities have been contacted. However, we are open to negotiating in good faith with the attacker: if the funds are returned, we will not bring any accusation and are ready to consider a small generosity, “wrote Dhariya on X.
The price of the OS jumped immediately after the attack and at a given time saw its value more than double, before a correction saw it pass to a gain of around 40% from the feat. Shib is up more than 8%.
