Shiba Inu’s decentralized finance platform on its Shibarium layer-2 network has offered a 5 Ether (about $23,000) bounty to the hacker behind a recent bridge exploit, urging them to return the stolen assets.
On Monday, the platform sent an on-chain message to the attacker, stating the bounty would remain open for 30 days. It also set conditions: the bounty amount will begin to decrease after seven days.
“Settlement is atomic when we call recoverKnine. If you call accept we cannot cancel the deal. Code is law. Bounty is live. Please, act fast.”
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Shiba Inu developer Kaal Dhairya added in an X post on Saturday that, while authorities have already been contacted, the team is still open to negotiations with the attacker.
Shiba Inu’s Shibarium Bridge Exploited for $2.4 Million
Shiba Inu’s Shibarium bridge suffered an exploit on Saturday that drained around $2.4 million in digital assets. Attackers reportedly gained access to validator signing keys and used a flash loan to purchase 4.6 million Bone ShibaSwap (BONE) tokens. This gave them majority validator control, allowing them to sign a malicious transaction and transfer the funds out of the bridge.
In response, developer Kaal Dhairya said Shibarium has paused its stake and unstake functions and moved stake manager funds into a multisig-controlled hardware wallet. He stressed that restoring security and protecting user assets is the team’s top priority. The developers are also working with security firms Hexens, Seal 911, and PeckShield to investigate the incident.
The exploit triggered a sell-off in Shiba Inu ecosystem tokens. SHIB fell by about 7%, from $0.0000145 on Saturday to $0.0000131. K9 Finance (KNINE) dropped 10%, from $0.00000287 to $0.00000257. Meanwhile, BONE saw the steepest decline, falling 38% from $0.31 to $0.19.
