Shiba Inu Increases Shibarium Bridge Bounty to 25 ETH
Shiba Inu has raised its final Shibarium bridge hacker bounty to 25 ETH. This follows earlier on-chain offers of 5 ETH and 20 ETH, which the exploiter rejected after demanding 50 ETH. The trustless smart-contract bounty requires the attacker to return frozen KNINE tokens within 28 days to claim funds. All stolen KNINE tokens are blacklisted, making them worthless without compliance.
Meanwhile, Shiba Inu developers, led by Shytoshi Kusama and core contributors including Kaal Dhairya and the K9 Finance DAO, have paused Shibarium bridge operations. The team disabled a legacy RPC endpoint and deployed anti-hack protocols. A dedicated “war room” is coordinating asset recovery and monitoring for potential token reintroduction.
Traders should watch for updates on asset recovery and additional security upgrades. The 25 ETH bounty represents the final negotiation offer, with no further talks planned.
Bullish
The announcement of a final 25 ETH bounty and accompanying security upgrades signals Shiba Inu’s proactive approach to securing the Shibarium bridge and recovering stolen assets. In the short term, this can boost trader confidence by reducing perceived risk from bridge exploits. Visible measures—pausing operations, blacklisting stolen KNINE tokens, disabling a legacy RPC endpoint, and deploying anti-hack protocols—demonstrate commitment to blockchain security. Over the long term, successfully recovering assets and strengthening Shibarium’s defenses enhances Shiba Inu’s ecosystem credibility. This combined effort is likely to support SHIB’s price stability and potential appreciation.