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- Shiba Inu offers hacker 50 ETH to return stolen Shibarium assets.
- Attacker must submit full exploit report to claim reward.
- Team pledges stronger security and full post-mortem report.
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Shiba Inu’s ecosystem developers are offering the attacker 50 ETH to return stolen assets from the September 12 Shibarium exploit, one of the project’s most severe breaches to date.
50 ETH Whitehat Bounty Announced
In a bid to recover millions in stolen tokens, the Shiba Inu team has launched a bounty program with K9 Finance. The attacker is being offered 50 ETH (about $229,000) held in escrow if they return all stolen tokens to a designated recovery wallet.
The Shib team has joined @K9finance to offer a bounty to the Shib Bridge Exploiter
— Shib (@Shibtoken) September 17, 2025
Shib Deployer 2 has sent a message offering a 50 ETH bounty in exchange for the tokens stolen.https://t.co/7T7AtywqWm pic.twitter.com/Zqq376CnOo
Eligible assets include SHIB, ETH, LEASH, xFUND, Treat, FUND, DAI, WBTC, Bad Idea AI, ROAR, USDC, LTD, USDT, Shifu, and OSCAR. KNINE tokens are excluded, as K9 Finance has already frozen over $700,000 worth of them and placed a separate 5 ETH bounty for their return.
Conditions for Immunity
To claim the bounty, the attacker must stop moving the stolen tokens and submit a full whitehat disclosure. This report must detail how they gained validator access, what tools and scripts were used, the addresses involved, the transaction hashes, and recommended preventive measures.
If these conditions are met, the Shiba Inu team has pledged not to pursue legal action and will issue a waiver, provided it complies with applicable laws.
Inside the Exploit
According to the updated investigation, the attacker used a flash loan to acquire 4.6 million BONE from ShibaSwap, then delegated them to a validator to gain majority voting power. This access let them use compromised internal keys to sign a malicious state, draining $4.1 million from the bridge.
Shibarium Bridge Exploit Community Update 17/09/2026
— Shib (@Shibtoken) September 17, 2025
The attacker executed a flash loan swap to acquire 4.6M $BONE from Shibaswap & used those to delegate them to Ryoshi Validator 1. This gave the attacker > 2/3 majority voting on Shibarium validators & the ability to use the…
Losses included $1.3M in SHIB, $1M in ETH, $717K in KNINE, $680K in LEASH, and $260K in ROAR across 17 different tokens. The stolen assets remain spread across more than eight wallets.
Also Read: Shiba Inu Kusama Breaks Silence: AI Plans and $3M Shibarium Hack Update
The developers have suspended bridge operations, revoked root access from the proof-of-stake bridge, and tightened internal security measures. They plan to publish a full post-mortem once the forensic analysis concludes.
This bounty marks their strongest attempt yet to resolve the breach, recover user funds, and rebuild trust around Shibarium.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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