Shibarium incident: Shiba Inu developer Kaal Dhairya confirmed a minor Shibarium bridge snag and said the CCIP-powered Shibarium lane will be active Monday. Security teams have frozen affected funds, paused stake/unstake functions, and are investigating the flash-loan exploit, while BONE price briefly rose.
-
Minor Shibarium bridge incident confirmed — funds secured and investigations underway.
-
CCIP-powered Shibarium lane slated to go live Monday to enable cross-chain routing for ShibaSwap.
-
4.6 million BONE locked; BONE rose ~43% to $0.236 amid the incident (on-chain data).
Shibarium incident: Shiba Inu dev confirms CCIP lane activation Monday; read the security update and next steps from COINOTAG.
What happened in the Shibarium incident?
Shibarium incident occurred when an attacker used a flash loan on the Shibarium bridge to acquire 4.6 million BONE; most assets, including the BONE tokens, remain locked and frozen. Developer Kaal Dhairya reported the issue and confirmed funds have been secured in multisig cold storage while investigations proceed.
How did the ShibaSwap upgrade and CCIP relate to this event?
ShibaSwap recently became multi-chain to support direct token exchanges across Ethereum, Polygon, Arbitrum and Base. The CCIP reference denotes Chainlink’s Cross-Chain Interoperability Protocol, which connects Shiba Inu components across multiple chains. The CCIP-powered Shibarium lane is set to go live Monday to expand cross-chain routing and liquidity access.
Why were stake/unstake functions paused?
Stake/unstake functionality was paused as a precaution to prevent further movement of at-risk assets. Security firms Hexens and PeckShield are actively investigating transaction traces. Validator keys are being secured and additional updates will be provided by the Shiba Inu team as the review completes.
Summary table: assets and current status
| Asset | Reported impact | Current status |
|---|---|---|
| BONE | 4.6 million BONE bought via flash loan | Locked / frozen |
| ETH | Small movement reported | Minimal exposure |
| SHIB | Minimal movement reported | Secured |
How are security teams responding?
Security response is coordinated: affected funds were moved to multisig cold storage, incident traces are under analysis, and validator keys are being secured. Security firms Hexens and PeckShield are named in the ongoing investigation. Official updates are being provided by Shiba Inu developer Kaal Dhairya.
Frequently Asked Questions
Was user custody compromised during the Shibarium incident?
COINOTAG reports that no widespread user custody breach was announced; most assets remain locked and frozen, and funds were secured in multisig cold storage as a precautionary measure.
When will the CCIP-powered Shibarium lane be active?
Developer updates indicate the CCIP-powered Shibarium lane is expected to be active Monday, which should enable broader cross-chain routing for ShibaSwap across major networks.
How did BONE price react to the incident?
On-chain data showed BONE rose approximately 43% in the 24-hour window, trading near $0.236 during the incident period. Price movements were volatile amid security and liquidity developments.
Key Takeaways
- Immediate status: Funds secured in multisig cold storage and stake/unstake paused to limit exposure.
- CCIP lane: CCIP-powered Shibarium lane expected to go live Monday to expand ShibaSwap multi-chain routing.
- Ongoing investigations: Hexens and PeckShield are analyzing on-chain activity; developer updates will follow.
Conclusion
Shibarium incident updates from Shiba Inu developers confirm a contained bridge exploit where most assets remain locked and secure. The CCIP-powered Shibarium lane is set to activate Monday, expanding ShibaSwap’s multi-chain capabilities. COINOTAG will continue to monitor official statements and security reports and will publish any material updates as they are confirmed.
