Shiba Inu offers 50 ETH awards to collect stolen funds in the range

The Shiba Inu team has released a new update to Shibarium Bridge Hack and introduced a bounty program to recover stolen assets.

For the context, Exploits on September 12th Emitted millions from the Ethereum Layer-2 network And left Communities facing one of the most serious challenges to date.

Shiba Inu Team launched 50 ETH Bounties

With the latest update, Shiba Inu Ecosystem Team It has been revealed that they worked with K9 Finance to create a prize program that would offer attacker 50 ETH ($229,000) if they returned the stolen token. In particular, the rewards are in a dedicated escrow agreement.

The SHIB team participated in @K9Finance and offered the prize money to Shib Bridge Exploiter

Shib Deployer2 sent a message offering 50 ETH awards in exchange for token theft. https://t.co/7t7atywqwm pic.twitter.com/zqq376cnoo

-Shib (@shibtocen) September 17, 2025

Additionally, the team also set conditions for the prize money. Specifically, the attacker must prepare a White hat Disclosure reports it I’ll layout it The perfect way to exploit.

This includes details on how to obtain validator access, the scripts and tools used, related addresses, transaction hashing, and recommended steps for prevention.

The Shiba Inu team is offering prize money to Shibarium Hacker

Additionally, the attacker must stop moving the compromised token. When the token returns and the team validates the report, Bounty Escrow releases 50 ETH into the attacker’s wallet.

The developer also added that if the attacker is compliant, it will not pursue legal action and will issue a waiver if it is within the law. However, they revealed that Bounty is excluding Kinine Tokens that K9 Finance already secures.

For the context, K9 Finance Team We have already issued our own 5 ETH prize money for the nine tokens. In particular, the team frozen $700,000 worth of nine, and hackers controlled it. As they were unable to use the assets, the team provided five prizes for their returns.

I updated my shyborium hack account

Meanwhile, alongside the bounty program, the Shiba Inu Ecosystem team shared their latest accounts on how the exploit happened.

Shibarium Bridge Exploit Community Update 17/09/2026

The attacker performed a flash loan swap to get 4.6m $ bones from the syvas wap and used them to delegate to Ryoshi Validator 1.

-Shib (@shibtocen) September 17, 2025

The team said the attacker performed a flashloan swap to get 4.6 million bones from Shibaswap. He then delegated the token to Ryoshi Validator 1, giving him more than two-thirds of the Validator’s voting power. With this control, they Used Infringes an internal validator key to sign a malicious state; Drainage $4.1 million from the bridge.

On-chain records show that the attacker stole 17 different tokens. The losses included $1 million in ETH, $1.3 million in SHIB, $717,000 in the nine, $680,000 in the leash and $260,000 in the RoAR, with small amounts of other tokens.

The attackers sold only USDT and USDC by converting them to ETH. They too I tried it 7 times To sell $700,000 worth of nine, K9 Finance blocked wallets before sale I passed by. The attacker still holds other stolen assets. Shiba Inu Tokens sitting in eight or more wallets.

In particular, developers believe that the compromise of the Shaibarium validator key caused a violation. They suspect that the attacker has gained access through either the developer’s machine or the server’s main management system. In response, they stopped operating the bridge and began forensic analysis.

To contain the damage, the team revoked access to the root chain manager from the Root-of-Stake Bridge, extended the exit time of the plasma bridge, and disabled the burn-only feature of predicates to stop further withdrawals. They also flagged suspicious transactions and eliminated cross-chain contracts. It was caused violation.

Shiba Inu team promises stronger security

In a recent disclosure, the Shiba Inu team has promised stronger security in the future. They said it will improve monitoring and alerting and tighten internal security practices. It will be released again full Post-mortem report after investigation Conclusion.

In particular, this update continues Previous analysis from industry numbers Security company. Tikkala Security and Pulse Digital, for example, argued that there is a deeper governance issue, mentioning how the hack also relates to leaked keys and the manipulated Merkle roots.