Analysis Crypto by Thebittimes.Com

A hacker exploited loopholes in the Shiba Inu’s Shibarium network and drained out funds worth $4.1 million. The team, along with K9 Finance, is blocking the hacker from moving the funds to his or her personal account. In a latest update from SHIB, the team confirmed that they have suspended all bridge operations on Shibarium. They have also launched a forensic Analysis to nab the scamster. “We have suspended bridge operations, launched forensic Analysis , & there is a significant loss of user funds on Shibarium. The team has now flagged all transactions and removed access to predicate of CCIP connector in cross chain contract, which initially was suspected as the point of attack. It was unrelated, ” read the tweet from SHIB token. Also Read: Shiba Inu Netflows Crash 70% as Kusama Reaffirms Commitment Shibarium Bridge Exploit Community Update 17/09/2026 The attacker executed a flash loan swap to acquire 4.6M $BONE from Shibaswap & used those to delegate them to Ryoshi ...

Multi-billion dollar stablecoin giants Circle and Tether are being grilled by a DeFi risk management firm over their allegedly “inadequate” bug bounty programs that fail to exceed $10,000.  LlamaRisk published the report on September 1, which assessed the bug bounty programs for crypto assets listed on Aave’s V3 Protocol.  It found that 33 assets, making up $19.7 billion of Aave’s supply, have “adequate” bug bounty programs. Ten assets representing $19.2 billion of Aave’s supply, however, either have no program or are “vastly insufficient.” LlamaRisk says Circle, despite managing $70 billion in assets, has a “vastly insufficient” bug bounty of $5,000. Tether, which manages $160 billion, only offers a bug bounty of $10,000 .  Other assets with low bug bounties include BitGo wrapped bitcoin, Gnosis, and Ripple, while Etherfi, Monerium, PayPal, and Agora are flagged as having no active bug bounty program at all.  Read more: Hacker could’ve printed unlimited ‘E...

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