Shiba Inu Offers 50 ETH Bounty to Recover $4.1M Shibarium
The post Shiba Inu Offers 50 ETH Bounty to Recover $4.1M Shibarium appeared on BitcoinEthereumNews.com. Shiba Inu has launched a 50 ETH bounty program to recover millions in stolen Shibarium funds. The attacker must return all stolen tokens and submit a detailed whitehat disclosure report to claim the 50 ETH reward. The September 12 exploit drained $4.1 million after the hacker gained control of Shibarium validator keys using 4.6 million BONE. The Shiba Inu ecosystem team has unveiled a 50 ETH ($229,000) bounty program to recover millions in tokens stolen during the September 12 Shibarium bridge exploit. Partnering with K9 Finance, the team placed the reward in a dedicated escrow contract for the attacker, on the condition that all stolen tokens are returned to a specified recovery wallet. The bounty covers assets including SHIB, ETH, LEASH, xFUND, Treat, FUND, DAI, WBTC, Bad Idea AI, ROAR, USDC, LTD, USDT, Shifu, and OSCAR. KNINE tokens are excluded as K9 Finance has already secured those holdings. Conditions for the Shiba Inu Hacker To claim the bounty, the attacker must not only return the stolen tokens but also provide a full whitehat disclosure report. The document must explain the exploit method, including how validator access was gained, the tools and scripts used, related addresses and transaction hashes, and recommended prevention steps. If the attacker complies and ceases moving the compromised tokens, the Shiba Inu team promises to release the 50 ETH reward and issue a legal waiver where permitted by law. Separately, K9 Finance has offered a 5 ETH bounty for the frozen KNINE tokens worth more than $700,000. Details of the Shibarium Exploit According to the updated investigation, the hacker initiated a flash loan swap to purchase 4.6 million BONE from ShibaSwap. These tokens were delegated to Ryoshi Validator 1, giving the attacker over two-thirds of validator voting power. Using compromised validator keys, they signed a malicious state…
The post Shiba Inu Offers 50 ETH Bounty to Recover $4.1M Shibarium appeared on BitcoinEthereumNews.com.
Shiba Inu has launched a 50 ETH bounty program to recover millions in stolen Shibarium funds. The attacker must return all stolen tokens and submit a detailed whitehat disclosure report to claim the 50 ETH reward. The September 12 exploit drained $4.1 million after the hacker gained control of Shibarium validator keys using 4.6 million BONE. The Shiba Inu ecosystem team has unveiled a 50 ETH ($229,000) bounty program to recover millions in tokens stolen during the September 12 Shibarium bridge exploit. Partnering with K9 Finance, the team placed the reward in a dedicated escrow contract for the attacker, on the condition that all stolen tokens are returned to a specified recovery wallet. The bounty covers assets including SHIB, ETH, LEASH, xFUND, Treat, FUND, DAI, WBTC, Bad Idea AI, ROAR, USDC, LTD, USDT, Shifu, and OSCAR. KNINE tokens are excluded as K9 Finance has already secured those holdings. Conditions for the Shiba Inu Hacker To claim the bounty, the attacker must not only return the stolen tokens but also provide a full whitehat disclosure report. The document must explain the exploit method, including how validator access was gained, the tools and scripts used, related addresses and transaction hashes, and recommended prevention steps. If the attacker complies and ceases moving the compromised tokens, the Shiba Inu team promises to release the 50 ETH reward and issue a legal waiver where permitted by law. Separately, K9 Finance has offered a 5 ETH bounty for the frozen KNINE tokens worth more than $700,000. Details of the Shibarium Exploit According to the updated investigation, the hacker initiated a flash loan swap to purchase 4.6 million BONE from ShibaSwap. These tokens were delegated to Ryoshi Validator 1, giving the attacker over two-thirds of validator voting power. Using compromised validator keys, they signed a malicious state…
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