K9 Finance Issues Ultimatum to Shiba Inu Team
K9 Finance is making waves after issuing a public ultimatum to the Shiba Inu development team regarding unresolved matters stemming from a significant exploit that occurred on the Shibarium bridge in September 2025. The liquid staking platform, identified as the official ally of Shibarium, has called for the complete compensation of victims affected by the exploit by January 6, 2026. If this deadline is not met, K9 Finance is prepared to reconsider its position within the Shibarium network.
Details of the Exploit
The hacker incident in question resulted in the loss of several cryptocurrencies from the Shibarium bridge, with K9 Finance suffering a hit exceeding $700,000 due to the theft of its KNINE tokens along with substantial amounts of ETH, SHIB, LEASH, ROAR, and TREAT. The platform asserts that it has adhered to all necessary protocols laid out by the Shiba Inu team regarding the response to the hacking event and the restitution process for those impacted.
Communication Breakdown
As part of its due diligence, K9 Finance maintained open lines of communication with the Shiba Inu team throughout their recovery efforts, operating under the assumption that the Shib team would continue to cooperate. Unfortunately, reports indicate that communication has since ceased from the Shiba team, leading K9 Finance to take the unusual step of going public with their concerns.
Commitment to Transparency
The platform argues that this move is intended to provide transparency to its token holders and ensure responsible governance practices. K9 Finance expressed its commitment to offering clarity to the community members who have suffered as a result of the exploit.
Expectations and Future Actions
The decentralized autonomous organization (DAO) of K9 Finance has made it clear that they expect victims of the bridge exploit to receive full and verifiable restitution by the January deadline, explicitly stating that any form of partial compensation would be unacceptable. Should Shibarium fail to meet this ultimatum, the DAO plans to hold a formal vote, allowing its members to determine the future viability of K9 Finance’s operations within the Shibarium ecosystem. This vote could ultimately lead to K9 Finance completely disengaging from the Shibarium network, marking a significant shift in its strategic narrative.
