Shibarium Returns $4 Million Following Exploit — Is a Recovery Possible for Shiba Inu?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 08 2025Shibarium's Recovery Efforts: Following a $4 million exploit that led to a network shutdown, Shibarium is implementing a refund plan for victims and enhancing security measures, including rotating validator keys and securing contracts. Developers have recovered over 4.6 million BONE tokens valued at around $2 million.
SHIB Price Analysis: SHIB's price is currently trading within a tightening triangle pattern, indicating potential volatility ahead. With resistance at $0.0000135 and support at $0.0000113, technical indicators suggest a neutral market, but a breakout could lead to significant price movements.
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.
