Shibarium Bridge Suffers $2.4 Million Loss from Flash Loan Attack

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 14 2025

Should l Buy SHIB?

Attack Overview: A flash loan attack on the Shibarium bridge resulted in the theft of $2.4 million in ETH and SHIB, with the attacker temporarily gaining control of two-thirds of the validator keys by borrowing 4.6 million BONE tokens.
Emergency Response: Developers paused staking and secured validator keys while engaging external security firms for investigation, and the K9 Finance DAO blacklisted the attacker's wallet to prevent liquidation of seized KNINE tokens worth $700,000.
Market Impact: The price of BONE initially surged due to increased trading activity but quickly fell as news of the exploit spread, highlighting the volatility and risks associated with decentralized finance.
Future Safeguards: The incident revealed vulnerabilities in cross-chain bridges and validator governance, prompting developers to implement additional security measures and continue investigations to prevent similar attacks in the future.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like SHIB with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for SHIB

Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Shiba Inu (SHIB) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00000308	0.00000407	0.00000525	0.00000624	0.00000742	0.00000841	0.00000959
Fibonacci	0.00000407	0.0000049	0.00000541	0.00000624	0.00000707	0.00000758	0.00000841

About SHIB

SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.Shiba Inu coin was created anonymously in August 2020 under the pseudonym 'Ryoshi.' Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

GET FREE REAL TIME NOTIFICATIONS

Stock Monitor for SHIB?

Get Started Free

FREE STOCK RECOMMENDATIONS DAILY

Stock Bullish Tomorrow

Get Started Free

70% BACKTESTED ACCURACY!

Should I Buy SHIB?

Get Started Free