SHIB Army Revenge Rally on the Horizon? ‘Compromised’ SHIB Crypto Developers Work Relentlessly for 10 Days to Protect Shibarium From Assault
What lies ahead for the Shiba Inu price chart following the recent downturn? After a relentless response spanning ten consecutive days, the Shiba Crypto development team has successfully stabilized the Shibarium platform and recovered 4.6 million BONE tokens from an attacker’s delegation contract.
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and Shiba have been unquestionably superior investments compared to Aave and Polygon. That remains a fact. However, both memecoins have faced multiple controversies, notably a recent dispute surrounding Shib.
This presents a significant challenge for the meme-to-DeFi ecosystem; here’s what unfolds next:
What Lies Ahead for Shiba Inu Price Chart: The Incident That Halted Shibarium
The report from the development team indicates that an attacker injected fraudulent checkpoints into Shibarium’s Ethereum contracts, activating a safety network that halted the protocol to shield it from corrupted data. The breach also aimed at a 4.6 million BONE delegation through stake amplification.
In strategic alliance with Hexens.io, the team transitioned over 100 key contracts to hardware custody, rotated validator keys, and established blacklisting tools to improve staking safety.
“Every validator key, every contract holder, every checkpoint – evaluated, rotated, secured,” said Kaal Dhairya.
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Is the Recovery of 4.6 Million BONE and Reinforcement of the Network Adequate?
10 days of effort. No rest. Exhausted volunteer team. Malicious attack on Shibarium. @kaaldhairya didn’t give up; he brought it back from the brink. The last genuine OG crypto rescue we’ll witness. $SHIB is seeking vengeance.
— Luumuno |
The BONE token, essential for earning yield and governance within the Shibarium ecosystem, became the focus of recovery initiatives. Developers implemented a rescue function into the StakeManager contract, allowing for the controlled extraction of the attacker’s staked assets and the complete restoration of valid delegator balances.
The solution was introduced in phases, trialed on Devnet, and confirmed on Puppynet (amusing name), before being ultimately released to live network.
The new protective measures are now operational, featuring a 24-hour checkpoint delay for withdrawals, and node sets being verified after each key rotation. According to DeFi Llama, Shibarium’s total value locked (TVL) has decreased by nearly $1 million since September.
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SHIB Crypto Stabilizes After the Turmoil
SHIB has settled around $0.0000126, rebounding from the momentary chaos. Technical analysis indicates $0.0000120 as a crucial support level, with potential to rise approximately +11% towards $0.0000141 if the momentum is sufficient.
In the meantime, consistent BONE locking tokens and renewed dialogue from Shibarium developers are restoring confidence throughout the community. Although the past ten days have been turbulent for Shiba Inu, the token is now poised for an Uptober.
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Key Takeaways
- Following ten consecutive days of relentless incident management, the Shiba Crypto development team has successfully stabilized the Shibarium network.
- SHIB has positioned itself around $0.0000126, recovering from the temporary turmoil.
The article SHIB Army Revenge Rally Inbound? ‘Broken’ SHIB Crypto Devs Work 10 Days Non-Stop to Save Shibarium From Attack first appeared on 99Bitcoins.
