The lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.Attack Details and Immediate ResponseAs highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.Market Impact and Recovery IncentivesThe exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.SHIB Price Source CoinMarketCapThe lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.Attack Details and Immediate ResponseAs highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.Market Impact and Recovery IncentivesThe exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.SHIB Price Source CoinMarketCap

Shiba Inu Leader Breaks Silence on $2.4M Shibarium Exploit, Confirms Active Recovery

2025/09/18 02:25
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The lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.

Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.

”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”

The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.

Attack Details and Immediate Response

As highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.

The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.

The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.

External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.

The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.

In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.

Market Impact and Recovery Incentives

The exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.

SHIB Price Source CoinMarketCap

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시바이누 가격(SHIB)
$0.000006017
$0.000006017$0.000006017
-0.26%
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시바이누 (SHIB) 실시간 가격 차트
면책 조항: 본 사이트에 재게시된 글들은 공개 플랫폼에서 가져온 것으로 정보 제공 목적으로만 제공됩니다. 이는 반드시 MEXC의 견해를 반영하는 것은 아닙니다. 모든 권리는 원저자에게 있습니다. 제3자의 권리를 침해하는 콘텐츠가 있다고 판단될 경우, service@support.mexc.com으로 연락하여 삭제 요청을 해주시기 바랍니다. MEXC는 콘텐츠의 정확성, 완전성 또는 시의적절성에 대해 어떠한 보증도 하지 않으며, 제공된 정보에 기반하여 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다. 본 콘텐츠는 금융, 법률 또는 기타 전문적인 조언을 구성하지 않으며, MEXC의 추천이나 보증으로 간주되어서는 안 됩니다.

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