Rekt - Shibarium

Submit
Rekt - Shibariumrekt.news
rekt.news

Rekt - Shibarium

AI summary of the linked article

Shibarium, a bridge network tied to Shiba Inu, lost about $3 million after attackers gained control of 10 of its 12 validator keys on September 12, according to the article. The attacker used flash loans to acquire 4.6 million BONE tokens, which temporarily gave them validator voting power, and then signed a fraudulent checkpoint that allowed draining the bridge. The article says PeckShield flagged the suspicious activity to Shytoshi Kusama, and K9 Finance DAO blacklisted the attacker's address, freezing roughly $1.3 million of the stolen tokens. Mr. Lightspeed is quoted suggesting that the compromised keys may belong to one person, which would undermine the network's decentralization.

Recommended by 1 curator
No comments yetWhat caught your eye? Start the discussion.