The Shiba Inu dev team has given the hacker of the Shibarium bridge exploit a final ultimatum. They also note that the tokens have remained blacklisted, thereby serving no useful purpose to the attacker.
Shiba Inu Raises Bounty in Final Attempt to Recover Stolen Funds
The Shiba Inu team has upped its bounty offer to 25 ETH in a last-ditch effort to recover tokens stolen in the recent Shibarium bridge exploit. The latest offer is at least the third – and final – to the hacker after previous proposals of 5 ETH and 20 ETH, respectively, were rejected in favor of a demand of 50 ETH.
All the messages between the Shiba Inu devs and the attacker were recorded on-chain as part of a very public standoff on the Ethereum blockchain. Initially, K9 Finance DAO offered to pay a bounty of 5 ETH, which the hacker refused. He also passed an on-chain message asking for a payout of 50 ETH.
The DAO team later deployed a smart contract offering 20 ETH, but it was declined as well. Now, developers are saying that the 25 ETH is their final offer. The message accompanying the new proposal reads like a plea and a warning combined.
Regarding the September attack, lead dev Shytoshi Kusama confirmed the creation of a “war room.” He shared that the team will be dedicated to coordinating the recovery of the stolen assets.
Shibarium Sees Upgrades to Combat Future Hacks
The team has rolled out several upgrades since the attack to restore and eliminate single points of failure. As CoinGape reported, the team temporarily shut down Shibarium’s legacy RPC endpoint as developers implement new anti-hack measures.
The team had restored the activity on the network earlier in October after being shut down for 10 days. Meanwhile, the affected users have yet to receive an update on their stolen phones.
The reward contract for the Shibarium bridge was designed to ensure the trustless recovery of funds. Before the bounty can be claimed, the hacker must approve the contract to transfer the frozen KNINE tokens.
Elsewhere, fund manager T. Rowe Price has filed for a Shiba Inu ETF. This could be the first product for the meme coin as it seeks to regain investor confidence.
Source: https://coingape.com/shiba-inu-makes-final-bounty-offer-to-shibarium-hacker-says-take-it-or-lose-all/
