Shibarium bridge exploit: Shiba Inu’s DeFi team offered a 5 ETH (≈$23,000) bounty to the attacker after a $2.4M bridge drain, urging the return of funds and beginning a coordinated forensic response with security firms to recover assets and restore network integrity.
5 ETH bounty offered to attacker to return stolen funds
The exploit drained ~ $2.4 million after validator keys were compromised via a flash-loan enabled takeover.
Shibarium paused stake functions, moved funds to a multisig hardware wallet; teams like Hexens, Seal 911 and PeckShield are investigating.
Shibarium bridge exploit: Shiba Inu offers 5 ETH bounty after $2.4M exploit — read mitigation steps and market impact. Claim bounty details and update timeline.
Shiba Inu’s DeFi team offers a $23,000 bounty to the Shibarium bridge attacker after a $2.4 million exploit, urging the return of stolen funds.
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Shiba Inu’s decentralized finance platform on its Shibarium layer-2 network has offered a 5 Ether (≈$23,000) bounty to the attacker behind a recent bridge exploit, urging the return of stolen assets.
On Monday, the DeFi platform sent an onchain message to the attacker saying that the bounty offer will remain open for 30 days. The protocol added a deadline and a condition where the bounty amount will start to decrease in seven days.
“Settlement is atomic when we call recoverKnine(). If you call accept() we cannot cancel the deal. Code is law,” K9 Finance wrote. “Bounty is live. Please, act fast.”
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In an X post on Saturday, Shiba Inu developer Kaal Dhairya said that while they have already contacted the authorities, the team is open to negotiating with the attacker.
The Shibarium bridge exploit occurred when malicious actors gained access to validator signing keys and used a flash loan to buy 4.6 million BONE tokens, achieving majority validator power and executing a transaction that moved ≈$2.4 million out of the bridge. Shibarium bridge exploit is the core incident affecting validator security and cross-chain liquidity.
Shibarium developers paused stake and unstake functions and moved stake manager funds into a multisig-controlled hardware wallet. The team is working with security firms Hexens, Seal 911 and PeckShield and has contacted authorities while offering a time-limited bounty to encourage restitution.
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