Hackers attack on shiba inu $SHIB .
here's what to know about it .
so first thing first its 24 hours market cap and volume is very high regardless of the hackers attack .
next is on the weekly timeframe there is an complex candle stick chart pattern which is known as the pennant .
here's what to know more about the attack
and also how can it benefit us .
The Shibarium bridge exploit drained 92.6B SHIB and 224 ETH after the attacker gained validator control via a flash loan tactic.
SHIB team froze BONE, paused staking, and launched a forensic probe with partners to secure funds and restore chain integrity.
The Shiba Inu development team has confirmed a security breach on the Shibarium bridge that resulted in large asset losses. Official updates reported that 92.6 billion SHIB and 224.57 ETH were drained after the attacker gained control of validator keys through a flash loan-style exploit.
Investigations show the attacker used bridge funds within the same block to purchase 4.6 million BONE tokens. These tokens were delegated to validators, giving the attacker temporary voting authority. By doing this in one transaction, the attacker created conditions similar to a flash loan, repaying the borrowed amount with the stolen bridge assets.
Data shows a large-scale compromise of validator signing keys. Ten of the twelve validators signed the malicious state, with only K9 Finance and Unification validators refusing participation. The addition of the temporarily delegated BONE allowed the attacker to surpass the two-thirds majority limit needed for consensus.
Once in control, the attacker was able to redirect bridge assets, extracting both$SHIB SHIB and ETH. The method exploited the consensus model rather than bypassing it, making the takeover possible within a narrow time frame.
Bonus yip its curron discount and after seeing its volume which is very high i am going to buy it .
