Shibarium Bridge Suffers $2.4 Million Loss from Flash Loan Attack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

SHIB-1.544%

Source: Coinmarketcap

Updated: Sep 14 2025

Attack Overview: A flash loan attack on the Shibarium bridge resulted in the theft of $2.4 million in ETH and SHIB, with the attacker temporarily gaining control of two-thirds of the validator keys by borrowing 4.6 million BONE tokens.
Emergency Response: Developers paused staking and secured validator keys while engaging external security firms for investigation, and the K9 Finance DAO blacklisted the attacker's wallet to prevent liquidation of seized KNINE tokens worth $700,000.
Market Impact: The price of BONE initially surged due to increased trading activity but quickly fell as news of the exploit spread, highlighting the volatility and risks associated with decentralized finance.
Future Safeguards: The incident revealed vulnerabilities in cross-chain bridges and validator governance, prompting developers to implement additional security measures and continue investigations to prevent similar attacks in the future.

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.

Shibarium Bridge Suffers $2.4 Million Loss from Flash Loan Attack

About the author

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