A decentralized finance platform located in Shiba Inu’s Shibarium Layer-2 network has provided five ether ($23,000) prizes to attackers behind the recent bridge exploits, urging them to return stolen assets.
On Monday, the Defi platform sent an on-chain message to the attackers saying that the bounty offer would remain open for 30 days. The protocol added a condition that deadlines and prize money begin to decline in seven days.
“When you call Recovernine(), the settlement is Atomic. When you call Accept(), you cannot cancel the transaction. The code is law,” writes K9 Finance. “The prize money is live. Please act fast.”
In a post on Saturday in X, Shiba Inu developer Kaal Dhairya said that although he has already contacted the authorities, the team is open to negotiate with the attackers.
Shiba Inu’s Shibarium Bridge loses about $2.4 million
Saturday’s exploited its digital assets of around $2.4 million after a malicious actor accessed the variator signing key. Using flash loans, they purchased 4.6 million bone shivas wap tokens, and the attacker gained the power of a majority of validators, signed malicious deals and moved the funds off the bridge.
Dhairya said in response to the attack, Shibarium developers have suspended stock and facility functions and moved stake manager funds into a hardware wallet controlled by multisig.
The developer said restoring the security of the network and protecting user assets is a top priority for the team. Dhairya added that he is working with security teams such as Hexens, Seal 911 and Peckshield for the investigation.
Tokens related to the Shiba Inu ecosystem fell in price after the exploit. The Shiba Inu (Shib) token fell 7%, down from $0.0000145 on Saturday to $0.0000131 at the time of writing.
K9 Finance (Knine) tokens fell 10% from $0.0000287 to $0.0000257. Meanwhile, Shibaswap’s token Bone has dropped 38% from Sunday to $0.31 to $0.19.
Related: DogeCoin prices rise despite the latest US delays
Thorchain co-founder loses $1.35 million from DPRK attack
The shybarium exploit follows another small attack targeting the personal wallet of Thorchain co-founder John-Paul Thorbjornsen (JP Thor). Onchain Investigator Zachxbt reported on Friday that Thorbjornsen was ejected after a telephone scam in a meeting on Telegram.
magazine: Can a tokenized inventory of Robinhood or Kraken really be decentralized?
