coindesk
BONE Price Surges 40% After Shibarium Flash Loan Exploit
Related Cryptocurrencies
ETH
Ethereum
$3,437.88
+2.97%
TL;DR
Shibarium, Shiba Inu's layer-2 network, faced a flash loan exploit leading to an attacker gaining control over a validator, draining assets, and causing staking operations shutdown. The attacker manipulated BONE tokens, prompting the team to freeze funds and launch an investigation.
Summary
Shibarium, Shiba Inu's layer-2 network, faced a flash loan exploit leading to an attacker gaining control over a validator, draining assets, and causing staking operations shutdown. The attacker manipulated BONE tokens, prompting the team to freeze funds and launch an investigation.
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