In accordance with CoinPaper, the Shiba Inu community is facing renewed scrutiny over its response to the $3 million Shibarium Bridge exploit. On-chain analyst Shima traced the hacker’s funds through Tornado Cash to 45 KuCoin deposit addresses, totaling 232.49 ETH. Despite sharing the findings with the Shiba Inu team and requesting KuCoin to freeze the funds, the exchange required a formal law-enforcement case number, which the team has not filed. Pulse Digital Marketing founder Shane Cook criticized the lack of official action, raising concerns about the team’s commitment to recovering the stolen assets.
Shiba Inu Hack Victims Allege Team Fails to Pursue $3M Stolen Funds on KuCoin
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