Shibarium Bridge Hacked, Resulting in $2.4 Million Loss from Sophisticated Flash Loan Attack
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Shibarium Bridge Attack: The Shiba Inu Shibarium bridge was exploited in a flash loan attack, resulting in the loss of $2.4 million worth of ETH and SHIB tokens, with the attacker gaining control of 10 out of 12 validator keys.
Developer Response and Investigation: Developers paused network functions, secured remaining funds in a multisig wallet, and are collaborating with security firms to investigate the breach, while also considering negotiations with the attacker for asset recovery.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






