SHIB Team Under Fire: Shibarium Participant Issues Crucial Ultimatum Over Bridge Exploit

Source: CryptoNewsNet Original Title: SHIB Team Under Fire? Shibarium Participant Issues Crucial Ultimatum Original Link: K9 Finance, Shibarium’s official Liquid Staking platform and Shiba Inu partner, has issued an ultimatum to the Shiba Inu team in response to the Shibarium bridge incident.

The Bridge Exploit Impact

K9 Finance was impacted in the September 2025 Shibarium bridge exploit, which resulted in the theft of various cryptocurrencies, including ETH, SHIB, LEASH, ROAR, TREAT and more than $700,000 worth of K9 Finance’s KNINE tokens.

Lack of Communication

K9 Finance stated it had followed every step requested by the Shib team regarding the Shibarium bridge hack and the process to make affected users whole. Throughout this period, the platform operated in good faith and maintained multiple private communication channels in an effort to reach closure.

However, K9 Finance received no further communication or guidance in any of its private discussions with the Shib team. The decision to make this information public on social media was described as a necessary step toward providing clarity to its holders and ensuring responsible governance.

Investigation and Developer Response

Shima, a K9 Finance and Shiba Inu contributor, tracked the hacker’s trail, linking original hack wallets and making the outcome public as the hacker rejected the bounty. In response, Shiba Inu developer Kaal Dhairya commended the move to unravel the identity of the hacker, promising to involve the FBI and requesting cooperation from relevant exchanges.

The January Ultimatum

To uphold transparency and fairness, K9 Finance DAO established a final window for resolution, setting January 6, 2026, as the deadline for users to be fully and verifiably made whole from the Shibarium bridge incident.

If no complete restitution is provided by this date, the DAO will formally convene and vote on its future relationship with Shibarium, including whether continued business on the chain remains viable for the long-term health of its ecosystem.

Path Forward

K9 Finance concluded that its public statement serves as professional notice to the community and to the Shiba Inu team as part of its duty to protect its holders, and should not be taken as a desire for conflict. While remaining open to collaboration, aligned incentives and constructive resolution, K9 stated its community deserved clarity, finality and a defined path forward, promising to share further updates as new information becomes available.