The lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.Attack Details and Immediate ResponseAs highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.Market Impact and Recovery IncentivesThe exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.SHIB Price Source CoinMarketCapThe lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.Attack Details and Immediate ResponseAs highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.Market Impact and Recovery IncentivesThe exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.SHIB Price Source CoinMarketCap

Shiba Inu Leader Breaks Silence on $2.4M Shibarium Exploit, Confirms Active Recovery

2025/09/18 02:25

The lead developer of Shiba Inu, Shytoshi Kusama, has publicly addressed the Shibarium bridge exploit that occurred recently, draining $2.4 million from the network. After days of speculation about his involvement in managing the crisis, the project leader broke his silence.

Kusama emphasized that a special ”war room” has been set up to restore stolen finances and enhance network security. The statement is his first official words since the bridge compromise occurred.

”Although I am focusing on AI initiatives to benefit all our tokens, I remain with the developers and leadership in the war room,” Kusama posted on social media platform X. He dismissed claims that he had distanced himself from the project as ”utterly preposterous.”

The developer said that the reason behind his silence at first was strategic. Before he could make any statements publicly, he must have taken time to evaluate what he termed a complex and deep situation properly. Kusama also vowed to provide further updates in the official Shiba Inu channels as the team comes up with long-term solutions.

Attack Details and Immediate Response

As highlighted in our previous article, targeted Shibarium's bridge infrastructure through a sophisticated attack vector. Hackers gained unauthorized access to validator signing keys, compromising the network's security framework.

The hackers executed a flash loan to acquire 4.6 million BONE ShibaSwap tokens. The validator power on the network was majority held by them after this purchase. They were able to transfer assets out of Shibarium with this control.

The response of Shibarium developers was timely to limit the breach. They instantly halted all validator functions in order to avoid additional exploitation. The team proceeded to deposit the assets under staking in a multisig hardware wallet that is secure.

External security companies were involved in the investigation effort. Hexens, Seal 911, and PeckShield are collaborating with internal developers to examine the attack and discover vulnerabilities.

The project's key concerns are network stability and the protection of user funds, as underlined by the lead developer, Dhairya. The team is working around the clock to restore normal operations.

In an effort to recover the funds, Shiba Inu has offered a bounty worth 5 Ether ($23,000) to the hackers. The bounty offer includes a 30-day deadline with decreasing rewards after seven days.

Market Impact and Recovery Incentives

The exploit caused serious volatility in the marketplace of Shiba Inu ecosystem tokens. SHIB dropped about 6% after the news of the attack. However, The token has bounced back and is currently trading at around $0.00001298 at the time of writing.

SHIB Price Source CoinMarketCap

ข้อจำกัดความรับผิดชอบ: บทความที่โพสต์ซ้ำในไซต์นี้มาจากแพลตฟอร์มสาธารณะและมีไว้เพื่อจุดประสงค์ในการให้ข้อมูลเท่านั้น ซึ่งไม่ได้สะท้อนถึงมุมมองของ MEXC แต่อย่างใด ลิขสิทธิ์ทั้งหมดยังคงเป็นของผู้เขียนดั้งเดิม หากคุณเชื่อว่าเนื้อหาใดละเมิดสิทธิของบุคคลที่สาม โปรดติดต่อ service@mexc.com เพื่อลบออก MEXC ไม่รับประกันความถูกต้อง ความสมบูรณ์ หรือความทันเวลาของเนื้อหาใดๆ และไม่รับผิดชอบต่อการดำเนินการใดๆ ที่เกิดขึ้นตามข้อมูลที่ให้มา เนื้อหานี้ไม่ถือเป็นคำแนะนำทางการเงิน กฎหมาย หรือคำแนะนำจากผู้เชี่ยวชาญอื่นๆ และไม่ถือว่าเป็นคำแนะนำหรือการรับรองจาก MEXC
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China Launches Cross-Border QR Code Payment Trial

China Launches Cross-Border QR Code Payment Trial

The post China Launches Cross-Border QR Code Payment Trial appeared on BitcoinEthereumNews.com. Key Points: Main event involves China initiating a cross-border QR code payment trial. Alipay and Ant International are key participants. Impact on financial security and regulatory focus on illicit finance. China’s central bank, led by Deputy Governor Lu Lei, initiated a trial of a unified cross-border QR code payment gateway with Alipay and Ant International as participants. This pilot addresses cross-border fund risks, aiming to enhance financial security amid rising money laundering through digital channels, despite muted crypto market reactions. China’s Cross-Border Payment Gateway Trial with Alipay The trial operation of a unified cross-border QR code payment gateway marks a milestone in China’s financial landscape. Prominent entities such as Alipay and Ant International are at the forefront, participating as the initial institutions in this venture. Lu Lei, Deputy Governor of the People’s Bank of China, highlighted the systemic risks posed by increased cross-border fund flows. Changes are expected in the dynamics of digital transactions, potentially enhancing transaction efficiency while tightening regulations around illicit finance. The initiative underscores China’s commitment to bolstering financial security amidst growing global fund movements. “The scale of cross-border fund flows is expanding, and the frequency is accelerating, providing opportunities for risks such as cross-border money laundering and terrorist financing. Some overseas illegal platforms transfer funds through channels such as virtual currencies and underground banks, creating a ‘resonance’ of risks at home and abroad, posing a challenge to China’s foreign exchange management and financial security.” — Lu Lei, Deputy Governor, People’s Bank of China Bitcoin and Impact of China’s Financial Initiatives Did you know? China’s latest initiative echoes the Payment Connect project of June 2025, furthering real-time cross-boundary remittances and expanding its influence on global financial systems. As of September 17, 2025, Bitcoin (BTC) stands at $115,748.72 with a market cap of $2.31 trillion, showing a 0.97%…
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BitcoinEthereumNews2025/09/18 05:28
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Goedemorgen Bitcoin: Wall Street, Rusland en analisten

Goedemorgen Bitcoin: Wall Street, Rusland en analisten

Connect met Like-minded Crypto Enthusiasts! Connect op Discord! Check onze Discord Goedemorgen! Hier is het meest opvallende cryptonieuws, met meer context en analyse om de ontwikkelingen beter te begrijpen. Miljardair ziet kansen op Wall Street ondanks dure aandelenmarkt Zelfs nu aandelenmarkten hoog gewaardeerd zijn en veel beleggers waarschuwen voor overprijzing, blijft een bekende miljardair optimistisch. Hij gelooft dat er nog steeds waarde te vinden is — vooral in sectoren waar innovatie doorgaat en technologiebedrijven toonaangevend blijven. Volgens hem zijn sectoren zoals fintech en digitale activa de moeite waard, ondanks de algemene marktspanning. Hij wijst op het idee dat in elke marktcycli waar bubbelangst heerst, de beste rendementen vaak komen van de risico’s die velen te eng vinden om aan te gaan. Voor Bitcoin betekent dit dat ook wanneer aandelen geleidelijk corrigeren, digitale activa juist kunnen profiteren van kapitaalverschuivingen en beleggers die spreiding zoeken buiten traditionele activa. Onrust rond Bitcoin en crypto Er is momenteel verhoogde onrust op de cryptomarkt. Gebeurtenissen zoals plotselinge prijsfluctuaties, zorgen over regelgeving en grote whales die forse posities verplaatsen zorgen voor onzekerheid. Beleggers raken nerveus, vooral omdat nieuws over macro-economische factoren zoals inflatie, renteverwachtingen en geopolitieke spanningen het sentiment zwaar beïnvloeden. Technische analyse wijst op fragiele steunpunten, en een kleinere trigger zou tot flinke koersbeweging kunnen leiden. Voor wie actief handelt betekent dit oppassen: hedge-opties, cashbuffering en risicomanagement zijn belangrijker dan ooit. Rusland: sancties en cryptobeurzen in de problemen In Rusland versnelt de druk op cryptobeurzen door sancties vanuit het Westen. Financiële beperkingen, beperkingen op kapitaalstromen en streng toezicht op transacties worden steeds gebruikelijker. Voor beurzen die opereren in of met Rusland kan dit betekenen dat bepaalde relaties worden afgesneden of dat toegang tot liquiditeit beperkt raakt. Gebruikers klagen over vertragingen en verhoogde kosten. Sommige platforms overwegen hun operaties of client-relaties aan te passen of zelfs stop te zetten in risicovolle jurisdicties. Voor internationale crypto-partijen toont dit aan dat politieke risico’s steeds meer onderdeel zijn van hun strategieën. Michigan hervat Strategic Bitcoin Reserve-wet met mogelijke 10 % allocatie Michigan werkt aan House Bill 4087, die toestaat dat de staat tot 10 % van bepaalde staatsfondsen investeert in cryptocurrency, waaronder Bitcoin. :contentReference[oaicite:0]{index=0} Deze fondsen betreffen onder meer de ‘General Fund’ en de economische stabilisatiefonds (‘rainy day fund’). De wet bevat voorwaarden voor veilige custody en risicobeperking. Analisten zien dit als onderdeel van een bredere Amerikaanse trend waarin staten steeds meer openstaan voor Bitcoin als instrument voor financiële hedging. Bezwaren betreffen vooral volatiliteit en wettelijk toezicht, zeker wanneer ook altcoins zonder duidelijke limieten betrokken worden. Mocht de wet aangenomen worden, dan toont Michigan wederom dat crypto steeds meer binnen officiële staatsfinanciën doordringt, wat mogelijk ook prijsimpact heeft voor Bitcoin vanwege institutionele vraag. Analist Benjamin Cowen: BTC kan in komende maanden piek bereiken Benjamin Cowen, bekend om zijn technische analyses, voorspelt dat Bitcoin in de nabije maanden een sterke piek zou kunnen bereiken. Hij baseert zich op zowel on-chain data als cyclusmodellen die aangeven dat we mogelijk uit een consolidatiefase op weg zijn naar een breakout. Factoren als ETF-instroom, institutionele belangstelling en macro-economische verlichting (lagere renteverwachtingen etc.) kunnen volgens Cowen bijdragen aan een krachtige opleving. Tegelijkertijd waarschuwt hij dat markten reactief zijn — schommeling en correcties zijn waarschijnlijk onderweg, vooral bij tegenvallende externe signalen. Voor beleggers biedt dit een potentieel hoog voordeel, mits men bereid is korte termijn volatiler momenten te doorstaan. BitcoinMagazine lanceert Discord channel! Wil je meepraten over deze ontwikkelingen? Join dan ons nieuwe Discord channel en discussieer met onze experts en andere lezers over acties en insiderinformatie! Nu naar Discord Het bericht Goedemorgen Bitcoin: Wall Street, Rusland en analisten is geschreven door Robin Heester en verscheen als eerst op Bitcoinmagazine.nl.
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Coinstats2025/09/20 13:16
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