As per The Crypto Basic, K9 Finance DAO has accused the Shiba Inu (SHIB) team of prolonged silence and stalled communication following the September Shibarium Bridge hack, which resulted in over $4 million in stolen crypto assets. K9 Finance, a liquid staking platform on Shibarium, stated it has followed all instructions from the SHIB team to recover the stolen assets but confirmed that communication channels have since gone silent. In response, K9 Finance has set a final deadline of January 6, 2026, for the SHIB team to fully compensate affected users. If unmet, K9 Finance will hold a DAO vote to assess the viability of continuing operations on Shibarium. The incident adds to growing concerns about the SHIB team's lack of transparency and accountability, with key developers like Shytoshi Kusama and Kaal Dhairya also facing criticism for limited community engagement.
K9 Finance Accuses Shiba Inu Team of Evasive Communication After Bridge Hack
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Summary
K9 Finance has accused the Shiba Inu (SHIB) team of evasive communication after the September Shibarium Bridge hack, which saw over $4 million in assets stolen. The liquid staking platform claims it followed all guidance from the SHIB team but now reports a complete lack of response. K9 Finance has set a final deadline of January 6, 2026, for full compensation or a DAO vote on future operations. The global crypto platform KuCoin crypto exchange continues to monitor the situation closely. Key SHIB developers face growing criticism for poor community engagement.
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