Reported 1 day ago
The Shiba Inu (SHIB) team reported a significant hacking incident affecting its Layer-2 network, Shibarium, where an attacker exploited a flash loan to gain enough voting power to deploy malicious software. The breach resulted in the theft of $1.03 million in Ethereum and $1.27 million in SHIB, along with other tokens from the ecosystem. In response, Shiba Inu has paused staking functions and partnered with a blockchain security firm for a forensic investigation, while expressing openness to negotiate with the hacker to return the stolen funds.
Source: YAHOO