Shibarium Hack: K9 Finance dey give 5 ETH Bounty to recover $2.4M
On September 13, Shibarium hack carryay exploit di bridge wit flash loan, e komproma ten outta twelve validator keys and dem steal 4.6 million BONE, 224.57 ETH, 92.6 billion SHIB and 700 thousand KNINE. K9 Finance stop di consensus, dem unload di BONE stakes and move di funds go multisig hardware wallet. Dem blacklist di attacker wallet, make di stolen KNINE tokens no fit sell.
K9 Finance announce 5 ETH bounty if pesin return di stolen assets within 30 days, di reward go reduce afta di first week. Audit dem from Hexens, Seal911 and PeckShield dey go on to verify di validator keys. Di breach make BONE price drop near 10% and small time drop for SHIB price. Dis Shibarium hack show how DeFi bridge security get risk and fit cause short-term market shakiness.
Bearish
Dis Shibarium hack and di 5 ETH bounty wey K9 Finance give show say DeFi bridge get big gbege. For short term, di gbege make BONE drop almost 10% and SHIB price small small drop too, dis show say traders dey worry about security palava. Di on-chain bounty fit slow down di wahala small, but e no clear if assets go still get better returns. Long term wahala depend on how dem audit go turn out and if dem fit recover di stolen money, so traders suppose ready for more gbege and shakara for Shibarium-related tokens.