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Shibaswap attacked by Hacker: $2.8 million SHIB stolen, ecosystem falls into Crisis of Confidence

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It's a bit overwhelming. Multiple signature secret keys of Shibaswap were stolen by attackers, and the hacker used a forged Merkle leaf withdrawal request to directly take away 2.8 million dollars worth of SHIB from the treasury.

The most heartbreaking thing is that this vulnerability occurred in the root chain management contract - which is essentially the heart of the entire system. This means that it is not a minor bug, but a design flaw at the architectural level.

How bad is the market reaction? SHIB has already dropped 45% this year, and the daily trading volume has shrunk to $150 million. Analysts are now watching the support level of 0.0000119 — if it breaks below this, it may continue to test lower.

This operation directly exposed the old problem of DeFi security: no matter how strict the code audit is, once it involves multi-signature mechanisms and permission management, it is prone to fatal vulnerabilities. Investors are probably now reassessing the ecological security.

SHIB-1.87%
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