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....
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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 […]
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 […]
With Shibarium’s popularity growing with new users registered daily, a Shiba Inu team member influencer has disclosed detailed steps on how to withdraw digital assets from Shibarium to Ethereum. How-To Guide For Shibarium To Ethereum Withdrawals Unveiled Shiba Inu marketing strategist Lucie released a three-part guide on Tuesday, August 29 in an X (formerly Twitter) […]
Shiba Inu’s Shibarium has suffered a heartbreaking decline in activity, dropping to new lows not seen in a long while. Reports reveal that the Layer 2 network has seen its daily transaction count plummet by over 96%, signaling a slowdown in user engagement and network usage. Shiba Inu’s Shibarium Activity Crashes 98% Shibarium, a prominent […]