Shibarium Bridge Hacked, Resulting in $2.4 Million Loss from Sophisticated Flash Loan Attack

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.