Shibarium Bridge-Hack: K9 Finance Calls on Shiba Inu Team for Statement

2026-01-13 09:52:32

The liquid staking provider K9 Finance has made serious allegations against the Shiba Inu development team and criticized the lack of transparency in handling the Shibarium Bridge incident. In September, a security breach occurred, resulting in digital assets worth over $4 million being lost.

The Allegations and Previous Response

According to their own statements, K9 Finance has diligently followed all orders from the SHIB team. Despite this cooperation, there has been no meaningful feedback from the team. This silence has led to significant frustration for K9 Finance, as open questions about the incident and compensation remain unresolved.

Ultimatum and Next Steps

The company has now issued a clear ultimatum: full compensation must be made by January 6, 2026, or K9 Finance will decide, through a decentralized voting process, how to proceed with its collaboration within the Shiba Inu ecosystem. This step indicates that K9 Finance is prepared to take stronger measures.

Broader Implications for the Community

The incident raises questions about the communication culture within the Shiba Inu project. Several voices in the crypto community criticize that key developers have neglected community engagement. A transparent and timely response to security incidents would have been crucial not only for K9 Finance but also for maintaining trust in the entire Shiba Inu ecosystem.

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