The Shiba Inu development team has issued its last bounty bid to the hacker behind the recent Shibarium bridge exploit. The team now proposes a 25 ETH bounty for the return of stolen tokens. This is the third and the last effort in bargaining with the hacker.The standoff has played out entirely on-chain through the Ethereum blockchain. Every message between the developers and the attacker remains publicly visible. K9 Finance DAO initially offered 5 ETH as a white hat bounty. The hacker rejected this proposal and countered with a demand for 50 ETH.A second offer of 20 ETH followed through a deployed smart contract. The attacker also declined this amount. The development team has now increased the bounty to 25 ETH, but made clear that no further negotiations will occur.The message attached to the latest proposal combines urgency with a stern warning. Developers emphasized that the Shiba Inu team itself backs this offer, not just K9 DAO. The stolen tokens remain blacklisted across the ecosystem. This renders them effectively worthless to the attacker.”The blacklisted tokens are currently useless to you, and we could easily move on,” the team stated. ”You've taken real money from hardworking people who trusted the Shib ecosystem. Do the smart thing and collect what you can. We are ready to walk away.”Recovery Efforts and Security ResponseLead developer Shytoshi Kusama confirmed the establishment of a ”war room” following the September attack. A dedicated team coordinates all recovery efforts for the compromised assets. The initiative demonstrates the project's commitment to protecting user funds.The reward contract operates on a trustless basis to ensure secure fund recovery. The hacker must approve the contract to transfer the frozen KNINE tokens before claiming the bounty. This mechanism prevents any potential payment disputes.Affected users continue to wait for updates on their stolen assets. The development team has not yet announced a timeline for potential reimbursements. The focus remains on recovering the funds through the bounty offer.Shibarium Network EnhancementsThe Shibarium team has implemented multiple security upgrades since the breach. These measures aim to prevent similar attacks and eliminate single points of failure. The network underwent a temporary shutdown to facilitate these improvements.Developers disabled the legacy RPC endpoint as part of the security overhaul. New anti-hack protocols were integrated during this period. The endpoint served as a potential vulnerability that required immediate attention.The Shiba Inu development team has issued its last bounty bid to the hacker behind the recent Shibarium bridge exploit. The team now proposes a 25 ETH bounty for the return of stolen tokens. This is the third and the last effort in bargaining with the hacker.The standoff has played out entirely on-chain through the Ethereum blockchain. Every message between the developers and the attacker remains publicly visible. K9 Finance DAO initially offered 5 ETH as a white hat bounty. The hacker rejected this proposal and countered with a demand for 50 ETH.A second offer of 20 ETH followed through a deployed smart contract. The attacker also declined this amount. The development team has now increased the bounty to 25 ETH, but made clear that no further negotiations will occur.The message attached to the latest proposal combines urgency with a stern warning. Developers emphasized that the Shiba Inu team itself backs this offer, not just K9 DAO. The stolen tokens remain blacklisted across the ecosystem. This renders them effectively worthless to the attacker.”The blacklisted tokens are currently useless to you, and we could easily move on,” the team stated. ”You've taken real money from hardworking people who trusted the Shib ecosystem. Do the smart thing and collect what you can. We are ready to walk away.”Recovery Efforts and Security ResponseLead developer Shytoshi Kusama confirmed the establishment of a ”war room” following the September attack. A dedicated team coordinates all recovery efforts for the compromised assets. The initiative demonstrates the project's commitment to protecting user funds.The reward contract operates on a trustless basis to ensure secure fund recovery. The hacker must approve the contract to transfer the frozen KNINE tokens before claiming the bounty. This mechanism prevents any potential payment disputes.Affected users continue to wait for updates on their stolen assets. The development team has not yet announced a timeline for potential reimbursements. The focus remains on recovering the funds through the bounty offer.Shibarium Network EnhancementsThe Shibarium team has implemented multiple security upgrades since the breach. These measures aim to prevent similar attacks and eliminate single points of failure. The network underwent a temporary shutdown to facilitate these improvements.Developers disabled the legacy RPC endpoint as part of the security overhaul. New anti-hack protocols were integrated during this period. The endpoint served as a potential vulnerability that required immediate attention.

Shiba Inu Makes One Last Move After Hacker Rejects $40K Offer—What Happens Next?

The Shiba Inu development team has issued its last bounty bid to the hacker behind the recent Shibarium bridge exploit. The team now proposes a 25 ETH bounty for the return of stolen tokens. This is the third and the last effort in bargaining with the hacker.

The standoff has played out entirely on-chain through the Ethereum blockchain. Every message between the developers and the attacker remains publicly visible. K9 Finance DAO initially offered 5 ETH as a white hat bounty. The hacker rejected this proposal and countered with a demand for 50 ETH.

A second offer of 20 ETH followed through a deployed smart contract. The attacker also declined this amount. The development team has now increased the bounty to 25 ETH, but made clear that no further negotiations will occur.

The message attached to the latest proposal combines urgency with a stern warning. Developers emphasized that the Shiba Inu team itself backs this offer, not just K9 DAO. The stolen tokens remain blacklisted across the ecosystem. This renders them effectively worthless to the attacker.

”The blacklisted tokens are currently useless to you, and we could easily move on,” the team stated. ”You've taken real money from hardworking people who trusted the Shib ecosystem. Do the smart thing and collect what you can. We are ready to walk away.”

Recovery Efforts and Security Response

Lead developer Shytoshi Kusama confirmed the establishment of a ”war room” following the September attack. A dedicated team coordinates all recovery efforts for the compromised assets. The initiative demonstrates the project's commitment to protecting user funds.

The reward contract operates on a trustless basis to ensure secure fund recovery. The hacker must approve the contract to transfer the frozen KNINE tokens before claiming the bounty. This mechanism prevents any potential payment disputes.

Affected users continue to wait for updates on their stolen assets. The development team has not yet announced a timeline for potential reimbursements. The focus remains on recovering the funds through the bounty offer.

Shibarium Network Enhancements

The Shibarium team has implemented multiple security upgrades since the breach. These measures aim to prevent similar attacks and eliminate single points of failure. The network underwent a temporary shutdown to facilitate these improvements.

Developers disabled the legacy RPC endpoint as part of the security overhaul. New anti-hack protocols were integrated during this period. The endpoint served as a potential vulnerability that required immediate attention.

Market Opportunity
BitShiba Logo
BitShiba Price(SHIBA)
$0.0000000003942
$0.0000000003942$0.0000000003942
+0.05%
USD
BitShiba (SHIBA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Thyroid Eye Disease (TED) Treatments Market Nears $4.3 Billion by 2032: Emerging Small Molecule Therapies Targeting Orbital Fibroblasts Drive Revenue Growth – ResearchAndMarkets.com

Thyroid Eye Disease (TED) Treatments Market Nears $4.3 Billion by 2032: Emerging Small Molecule Therapies Targeting Orbital Fibroblasts Drive Revenue Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Thyroid Eye Disease Treatments Market – Global Forecast 2025-2032” report has been added to ResearchAndMarkets.com’s offering. The thyroid
Share
AI Journal2025/12/20 04:48
Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) Notice

Virtus Equity & Convertible Income Fund Announces Special Year-End Distribution and Discloses Sources of Distribution – Section 19(a) Notice

HARTFORD, Conn.–(BUSINESS WIRE)–Virtus Equity & Convertible Income Fund (NYSE: NIE) today announced the following special year-end distribution to holders of its
Share
AI Journal2025/12/20 05:30
Fed rate decision September 2025

Fed rate decision September 2025

The post Fed rate decision September 2025 appeared on BitcoinEthereumNews.com. WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4.00%-4.25%. Newly-installed Governor Stephen Miran was the only policymaker voting against the quarter-point move, instead advocating for a half-point cut. Governors Michelle Bowman and Christopher Waller, looked at for possible additional dissents, both voted for the 25-basis point reduction. All were appointed by President Donald Trump, who has badgered the Fed all summer to cut not merely in its traditional quarter-point moves but to lower the fed funds rate quickly and aggressively. In the post-meeting statement, the committee again characterized economic activity as having “moderated” but added language saying that “job gains have slowed” and noted that inflation “has moved up and remains somewhat elevated.” Lower job growth and higher inflation are in conflict with the Fed’s twin goals of stable prices and full employment.  “Uncertainty about the economic outlook remains elevated” the Fed statement said. “The Committee is attentive to the risks to both sides of its dual mandate and judges that downside risks to employment have risen.” Markets showed mixed reaction to the developments, with the Dow Jones Industrial Average up more than 300 points but the S&P 500 and Nasdaq Composite posting losses. Treasury yields were modestly lower. At his post-meeting news conference, Fed Chair Jerome Powell echoed the concerns about the labor market. “The marked slowing in both the supply of and demand for workers is unusual in this less dynamic…
Share
BitcoinEthereumNews2025/09/18 02:44