Shiba Inu Increases Bounty to Recover Stolen Funds from Shibarium Exploit
- The Shiba Inu team has raised the bounty offer to 25 ETH in an attempt to recover stolen tokens.
- This is the third and final offer after previous proposals of 5 ETH and 20 ETH were declined.
- The hacker initially demanded a payout of 50 ETH, leading to a public standoff recorded on-chain.
- Shiba Inu’s lead developer confirmed the establishment of a “war room” to coordinate asset recovery efforts following the September attack.
- The Shibarium network resumed operations earlier in October after a ten-day shutdown due to the exploit.
The Shiba Inu team emphasizes that the blacklisted tokens are currently useless for the hacker, urging them to accept the final offer of funds as a smart choice for recovery. Meanwhile, T. Rowe Price has filed for a Shiba Inu ETF, aiming to bolster investor confidence in the meme coin.
With their latest proposal of 25 ETH, the developers are keen on recovering assets taken during the Shibarium bridge exploit while highlighting that previous offers were rejected by the attacker.(Source)
