The Shiba Inu development team has issued its last bounty bid to the hacker behind the recent Shibarium bridge exploit. The team now proposes a 25 ETH bounty for the return of stolen tokens. This is the third and the last effort in bargaining with the hacker.The standoff has played out entirely on-chain through the Ethereum blockchain. Every message between the developers and the attacker remains publicly visible. K9 Finance DAO initially offered 5 ETH as a white hat bounty. The hacker rejected this proposal and countered with a demand for 50 ETH.A second offer of 20 ETH followed through a deployed smart contract. The attacker also declined this amount. The development team has now increased the bounty to 25 ETH, but made clear that no further negotiations will occur.The message attached to the latest proposal combines urgency with a stern warning. Developers emphasized that the Shiba Inu team itself backs this offer, not just K9 DAO. The stolen tokens remain blacklisted across the ecosystem. This renders them effectively worthless to the attacker.”The blacklisted tokens are currently useless to you, and we could easily move on,” the team stated. ”You've taken real money from hardworking people who trusted the Shib ecosystem. Do the smart thing and collect what you can. We are ready to walk away.”Recovery Efforts and Security ResponseLead developer Shytoshi Kusama confirmed the establishment of a ”war room” following the September attack. A dedicated team coordinates all recovery efforts for the compromised assets. The initiative demonstrates the project's commitment to protecting user funds.The reward contract operates on a trustless basis to ensure secure fund recovery. The hacker must approve the contract to transfer the frozen KNINE tokens before claiming the bounty. This mechanism prevents any potential payment disputes.Affected users continue to wait for updates on their stolen assets. The development team has not yet announced a timeline for potential reimbursements. The focus remains on recovering the funds through the bounty offer.Shibarium Network EnhancementsThe Shibarium team has implemented multiple security upgrades since the breach. These measures aim to prevent similar attacks and eliminate single points of failure. The network underwent a temporary shutdown to facilitate these improvements.Developers disabled the legacy RPC endpoint as part of the security overhaul. New anti-hack protocols were integrated during this period. The endpoint served as a potential vulnerability that required immediate attention.The Shiba Inu development team has issued its last bounty bid to the hacker behind the recent Shibarium bridge exploit. The team now proposes a 25 ETH bounty for the return of stolen tokens. This is the third and the last effort in bargaining with the hacker.The standoff has played out entirely on-chain through the Ethereum blockchain. Every message between the developers and the attacker remains publicly visible. K9 Finance DAO initially offered 5 ETH as a white hat bounty. The hacker rejected this proposal and countered with a demand for 50 ETH.A second offer of 20 ETH followed through a deployed smart contract. The attacker also declined this amount. The development team has now increased the bounty to 25 ETH, but made clear that no further negotiations will occur.The message attached to the latest proposal combines urgency with a stern warning. Developers emphasized that the Shiba Inu team itself backs this offer, not just K9 DAO. The stolen tokens remain blacklisted across the ecosystem. This renders them effectively worthless to the attacker.”The blacklisted tokens are currently useless to you, and we could easily move on,” the team stated. ”You've taken real money from hardworking people who trusted the Shib ecosystem. Do the smart thing and collect what you can. We are ready to walk away.”Recovery Efforts and Security ResponseLead developer Shytoshi Kusama confirmed the establishment of a ”war room” following the September attack. A dedicated team coordinates all recovery efforts for the compromised assets. The initiative demonstrates the project's commitment to protecting user funds.The reward contract operates on a trustless basis to ensure secure fund recovery. The hacker must approve the contract to transfer the frozen KNINE tokens before claiming the bounty. This mechanism prevents any potential payment disputes.Affected users continue to wait for updates on their stolen assets. The development team has not yet announced a timeline for potential reimbursements. The focus remains on recovering the funds through the bounty offer.Shibarium Network EnhancementsThe Shibarium team has implemented multiple security upgrades since the breach. These measures aim to prevent similar attacks and eliminate single points of failure. The network underwent a temporary shutdown to facilitate these improvements.Developers disabled the legacy RPC endpoint as part of the security overhaul. New anti-hack protocols were integrated during this period. The endpoint served as a potential vulnerability that required immediate attention.

        Highlights:  Pakistan is considering a digital rupee and CBDC to cut remittance costs. The crypto market in Pakistan could unlock $25B in new economic growth. The CBDC pilot phase is in development with World Bank and IMF support.  Pakistan is moving forward with plans to integrate blockchain technology into its financial system. The nation is considering introducing a rupee-backed stablecoin and central bank digital currency (CBDC). The objectives of these efforts are to reduce remittance costs, modernize access to finances, and promote economic growth. At the Sustainable Development Policy Institute (SDPI) Conference, leading financial authorities outlined the massive growth potential of crypto. They estimate Pakistanis holding up to $30 billion in crypto holdings. The annual crypto trading might soon reach $300 billion, which is nearly equivalent to the total GDP of the country. Zafar Masud, the president of the Pakistan Banks Association, pointed out the booming global stablecoin market. According to him, the nation is capable of exploiting $20-25 billion in the adoption of digital assets. He confirmed that Pakistan is “actively exploring a rupee-backed stablecoin” to increase access and efficiency. A digital rupee would enhance secure cross-border payment and financial inclusion. More than 100 million Pakistani adults are still unbanked, and the innovation is a pressing case.  Pakistan Considers Rupee-Backed Stablecoin Amid $25B Loss Warnings  Pakistani regulators are actively exploring the development of a sovereign-backed digital currency amid growing recognition of the transformative potential of cryptocurrencies and bloc…https://t.co/CVr2s8UeoU pic.twitter.com/Fma8WTIGP3 — Crypto Breaking News (@CryptoBreakNews) November 8, 2025  CBDC Prototype Underway The State Bank of Pakistan is proceeding with the development of its digital currency. Faisal Mazhar, the Deputy Director of Payments, revealed that a prototype of CBDC is underway. Additionally, the World Bank and International Monetary Fund are assisting this initiative. He further added that there would be a pilot phase before the full rollout of the currency. The CBDC is expected to make remittances cheaper and financial services more accessible across the country. According to the global specialist Yara Wu, such technology would make remittances faster, secure, and cheaper. Sajid Amin of SDPI emphasized the necessity of having proper regulation. He noted the relevance of cybersecurity, digital literacy, and risk management to safeguard consumers and investors. Fintech Innovation Fuels Growth The fintech industry in Pakistan is also on the rise. ZAR, a start-up that provides dollar-backed stablecoins, recently raised $12.9 million. Top investors, such as Andreessen Horowitz, Coinbase Ventures, and Dragonfly Capital, were the source of funding.  ZAR has raised $12.9 million to bring ROCK. SOLID. DOLLARS. to the Global South  Led by @a16zcrypto, with @dragonfly_xyz, @vaneck_us, @cbVentures, and Endeavor Catalyst.  pic.twitter.com/0DKOlWMwSO — ZAR (@zardotapp) October 28, 2025  ZAR is dedicated to making stablecoins accessible to underserved populations in Pakistan. Their mission focuses on bridging the financial gap in emerging markets. Moreover, the firm is seeking to assist millions of people who have yet to access traditional banking services. In addition, this move matches government-led digital finance initiatives. The increased adoption is a positive sign of increasing cryptocurrency interest in Pakistan. Pakistan moved to the third position globally in the 2025 Global Crypto Adoption Index by Chainalysis. To build further on this momentum, Pakistan established a regulatory framework regarding virtual asset services. Licensing and supervision are being managed by the Pakistan Virtual Asset Regulatory Authority (PVARA). Firms have to comply with stringent compliance criteria under the Virtual Assets Ordinance 2025. These include the anti-money laundering (AML), know-your-customer (KYC), and counter-terrorism financing measures. This goal is to create a regulated, safe digital economy. Furthermore, PVARA also encouraged international crypto exchanges and service providers to apply for licenses in September.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.