Shiba Inu Ecosystem Update
In a notable turn of events for the Shiba Inu ecosystem, the individual responsible for the Shibarium Bridge exploit has divested the last of their $BAD tokens. Blockchain records confirm that the exploiter executed a transaction on September 22, 2025, at 02:36 UTC, swapping an impressive 2.057 billion BAD tokens. This exchange was valued at nearly $13,759, converting to approximately 3.19 ETH, which amounts to around $13,407. This moment marks the complete liquidation of the exploiter’s stash of BAD tokens.
Transaction Insights
Mr. Lightspeed, the President of Lightspeed Crypto Services, highlighted the significance of this transaction. Following the sale, all 3.2 ETH obtained were transferred to wallet address 0x45b…0DF2a, a key player in the ongoing sell-offs that began after the breach on September 12.
“On that day, the Shibarium Bridge was compromised, resulting in losses exceeding $4 million attributable to various cryptocurrencies including SHIB, ETH, ROAR, and BAD.”
Since then, the perpetrator has methodically offloaded these stolen assets in multiple stages utilizing MetaMask transactions. On September 20, for instance, the wallet converted 1.01 billion SHIB into 2.90 ETH, valued around $12,107, and the next day swapped another 3 billion SHIB for 8.64 ETH. Additionally, the exploiter sold 1,000 LEASH tokens for 3.46 ETH.
Current Holdings and Recovery Efforts
As of the latest updates, the primary wallet (0x45b…0DF2a) holds approximately 51.16 ETH, worth about $213,515, along with 4,746 LEASH tokens at an estimated value of $52,255. There is also a secondary associated wallet (0x3B7…511A8) that retains around 3,630 LEASH tokens, valued at nearly $40,075. Other associated addresses controlled by the hacker contain additional assets.
Meanwhile, the Shiba Inu development team is actively seeking to recover the misappropriated funds. As part of their efforts, they offered a bounty of 5 ETH, approximately $23,000, with a 30-day deadline for the return of stolen assets, but the attackers have yet to accept the offer and continue to liquidate their ill-gotten tokens in exchange for ETH.
Security Measures and Future Commitment
Security firms, including Hexens, Seal 911, and PeckShield, have joined forces with internal developers in a joint investigation aimed at addressing vulnerabilities, restoring network integrity, and ensuring the safety of user funds. In a proactive measure, the Shibarium Bridge has been halted pending further notice. Lead developer Dhairya reiterated the project’s commitment to protecting its ecosystem, emphasizing that securing user investments and enhancing the network’s security are paramount moving forward.
