Shibarium Bridge Hack Investigation Stalled by Lack of Police Report
- The Shibarium Bridge hack resulted in a loss of over $3 million, with no formal law enforcement action initiated three months later.
- On-chain investigators traced the hacker’s movement of Ethereum through Tornado Cash and identified deposits to KuCoin.
- A single transfer of 0.0874 ETH linked hidden wallets, aiding investigators in mapping the operation.
- Exchanges like KuCoin require a police case number to freeze accounts or provide internal records.
- Community members question why the Shiba Inu team has not filed an official complaint despite having on-chain evidence.
The investigation into the Shibarium Bridge hack faces hurdles due to the absence of a formal police report, which is necessary for exchanges to take action against suspect accounts. Despite strong on-chain evidence, legal processes have not been initiated, leaving recovery efforts stalled.
Without a police report, exchanges like KuCoin cannot legally freeze funds or share account details, hindering recovery efforts despite clear evidence from on-chain investigations. (Source)
