Shiba Inu Takes Final Action After Hacker Declines $40K Proposal—What's Next?

Bounty Offer to Hacker: The Shiba Inu development team has made a final bounty offer of 25 ETH to the hacker responsible for the Shibarium bridge exploit, following two previous offers that were rejected. The team emphasized that no further negotiations will occur and warned the hacker that the stolen tokens are now blacklisted and effectively worthless.

Recovery Efforts: Lead developer Shytoshi Kusama confirmed the creation of a "war room" to coordinate recovery efforts for the stolen assets, with a trustless reward contract in place to ensure secure fund recovery. Affected users are still awaiting updates on reimbursements.

Security Enhancements: In response to the breach, the Shibarium team has implemented multiple security upgrades, including a temporary shutdown of the network to address vulnerabilities and the disabling of the legacy RPC endpoint.

Commitment to User Protection: The development team is focused on protecting user funds and preventing future attacks, demonstrating their commitment to the Shiba Inu ecosystem and its users.