Shiba Inu Team Faces Allegations of Neglecting $3M Hack Victims—Here's the Reason Behind It

Allegations Against Shiba Inu Team: The Shiba Inu community is under scrutiny due to concerns raised by Shane Cook regarding the team's lack of engagement with law enforcement following the Shibarium Bridge exploit, which resulted in over $3 million in stolen funds.

Investigation Findings: On-chain analyst Shima traced the laundering of stolen assets, revealing that the hacker moved funds through Tornado Cash to KuCoin, and identified multiple wallets involved in the laundering process.

KuCoin's Response: KuCoin has refused to freeze the accounts linked to the stolen funds without a formal law enforcement case number, which has stalled recovery efforts.

Call for Action: Shima criticized the Shiba Inu team for not filing an official complaint and urged victims to take individual action, offering his investigative findings to assist in pursuing the case.