The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Shiba Inu’s layer-2 network Shibarium faced a sophisticated security breach over the weekend involving validator key compromise. The team has confirmed investor funds remain secure while implementing emergency measures. Despite the incident, SHIB token prices surged over 9% in 24 hours.
- Attacker used flash loan to purchase 4.6 million BONE tokens and compromised validator signing keys
- Only 224.57 ETH ($1M) and 92.6B SHIB ($1.33M) successfully moved, with other tokens frozen or blacklisted
- Team engaged three security firms and moved all funds to multi-sig cold storage during investigation
📎 Read the original article on cryptopotato.com