Shibarium Hack Fallout: Shiba Inu Team Criticized For Not Reporting Breach
According to reports, it has been three months since the Shibarium Bridge hack that drained more than $3 million from users, yet the case has not moved into formal law enforcement channels. Related Reading: $300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up On-chain investigators traced a clear path of funds, and community members say the clues are strong enough to support an official probe. Still, exchanges are holding back unless a police case number is presented. On-Chain Trail Revealed Based on reports from on-chain sleuths, the attacker moved 260 Ether through Tornado Cash....
Related News
Shiba Inu’s core team has issued a sweeping post-mortem update on the Shibarium bridge breach, detailing a multi-step attack that combined a flash-loan powered governance capture with compromised validator keys—followed by emergency protocol changes and a split bounty offer aimed at recovering user funds. Shiba Inu Devs Speak Out On Shibarium Bridge Exploit In an […]
Shiba Inu has just logged its most intense burst of large-holder activity in half a year, raising questions over whether fresh volatility – and potentially renewed selling pressure – is around the corner. On-chain analytics firm Santiment reported the move on X, highlighting a six-month chart of Shiba Inu’s price, exchange balances and large transfers. According to the firm, “Shiba Inu has seen the highest amount of whale transfers since June 6th today, happening in tandem with a +1.06T net change to the amount of SHIB on exchanges. The #24 market cap in crypto is likely to see high....
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has laid out a strategic plan focused on driving mainstream adoption and enticing centralized exchange (CEX) support for Shibarium, Shiba Inu’s Ethereum Layer-2 solution. In an exchange on X, the team behind FEED (@feedcto), a Shiba Inu-based memecoin on the Shibarium network, raised concerns about the […]
Shiba Inu’s core contributors and the K9 Finance DAO have escalated their recovery campaign with an on-chain ultimatum to the Shibarium bridge exploiter, deploying a new bounty contract funded with 20 ETH and broadcasting the terms directly to the attacker via Ethereum Input Data Messages (IDM). Shiba Inu Team Drops Final 20 ETH Deal The […]
Shiba Inu’s core development team is escalating its response to the Shibarium bridge exploit after a new on-chain investigation mapped the hacker’s Tornado Cash laundering trail to KuCoin deposit accounts. Reacting to on-chain sleuth Shima (@MRShimamoto) on X, core developer Kaal Dhairya wrote “Great work! This needs to be amplified. I will also ensure it’s […]