Shiba Inu Team Issues Explosive Update On Shibarium Exploit

Shiba Inu’s core team has issued a sweeping post-mortem update on the Shibarium bridge breach, detailing a multi-step attack that combined a flash-loan powered governance capture with compromised validator keys—followed by emergency protocol changes and a split bounty offer aimed at recovering user funds.

Shiba Inu Devs Speak Out On Shibarium Bridge Exploit

In an X post published on September 17, 2025, the official Shiba Inu account said the exploiter “executed a flash loan swap to acquire 4.6M BONE from ShibaSwap” and delegated them to “Ryoshi Validator 1,” which pushed their voting power “> 2/3 majority” across Shibarium validators. Using “compromised internal validators” to co-sign a malicious state, the attacker then drained assets from the L2’s canonical bridge. The team now pegs