Shibarium Bridge Compromised: Developers Act to Enhance Security
Shibarium, a layer-2 solution for the Shiba Inu ecosystem, has faced a malicious attack. The bridge was compromised, but developers and auditors, working as a team, are rectifying the situation and enhancing security.
The Shibarium team joined forces with Hexens.io, an independent auditing team, to ensure continuous monitoring and strict separation of duties. This collaboration aims to bolster the platform's security.
The bridge was compromised by a malicious attack involving fraudulent checkpoints. In response, Shiba Inu developers introduced a rescue method to recover at-risk BONE tokens and removed the malicious delegation. Heimdall, a crucial component, intentionally halted operations to prevent further damage.
The attacker employed a stake amplification strategy, using a 4.6 million BONE delegation to attempt unauthorized control. Future plans include implementing blacklisting measures in the Plasma Bridge to prevent such malicious transactions.
A comprehensive plan is being designed to ensure affected users are made whole. This includes gating, phased limits, and coordination with partners. The Shibarium team is committed to enhancing security and protecting users' interests.
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