Following a significant exploit that compromised its Shibarium bridge, developers behind Shiba Inu (SHIB) have released a detailed update outlining their response to the incident.
After the attack was detected, Shibarium’s Kaal Dhairya announced on social media platform X (previously twitter) that authorities had been alerted, while also expressing a willingness to negotiate with the attacker in exchange for the return of the stolen funds.
In light of this, Heimdall intentionally halted operations, pausing legitimate checkpoint submissions to prevent further damage. They also described the attacker’s method, which included a short-lived stake amplification strategy through a 4.6 million BONE delegation.
This tactic allowed the attacker to cross operational thresholds and attempt to gain unauthorized control over the system. To address these issues, the Shibarium team organized their response into multiple overlapping workstreams, functioning around the clock in collaboration with Hexens.io, an independent reviewer.
This aimed to eliminate any single points of failure, employing hardware custody for keys and ensuring every critical change was rehearsed off-chain or on testnets prior to implementation.
This response verified that the staking ledger updates were successful, ultimately rescuing the 4.6 million BONE and removing the malicious delegation. Looking ahead, Shiba Inu developers detailed their plans for the near future, which include implementing blacklisting measures in the Plasma Bridge.
These controls aim to prevent malicious actors from initiating or completing bridge transactions. Once these measures are in place and thoroughly verified, the team intends to restore full bridge functionality.
This plan will incorporate gating, phased limits, and coordination with partners to facilitate safe bridging and withdrawals. Specific details will be communicated only when it is deemed secure to do so.
Featured image from DALL-E, chart from TradingView.com
