Verifier keys are hijacked, $2.4 million stolen in Shibarium Bridge theft

Shibarium Bridge suffered a $2.4 million flash loan attack, exploiting governance vulnerabilities that led to the stolen ETH, SHIB and KNINE tokens. The attacker controlled 10 of the 12 validator keys and borrowed 4.6 million BONE tokens to drain the assets. Shiba Inu developers suspended the staking function, frozen borrowed tokens, and hired a cybersecurity company to investigate. BONE’s price surged briefly, while SHIB rose 4.5%, reflecting mixed market responses. In view of ongoing concerns about network stability, the team puts security and recovery efforts first.