Urgent Call to Action Against Cybercrime
In light of the recent exploitation of the Shibarium Bridge, which has raised significant concerns within the SHIB community, Lucy, who leads marketing for the Shiba Inu project, has urged law enforcement agencies to take decisive steps against cybercriminals. On December 2, she took to social media, tagging prominent organizations including the FBI, Interpol, the Royal Canadian Mounted Police (RCMP), and the cryptocurrency exchange KuCoin to demand an urgent and thorough investigation into the fraudulent activities that have emerged from this incident.
Frustration and Hope for Justice
“I long for a crypto miracle and for these wrongdoers to be apprehended. It’s disheartening to see how these individuals with disturbed intentions are causing harm to innocent victims. When will we start taking cybercrime seriously? I am certain they have better tools to investigate than we do.”
Her call for action goes beyond the immediate Shibarium case; she highlights the growing trend of cyber attacks targeting the cryptocurrency sector and insists that the relevant agencies have the necessary resources to identify the true culprits behind these crimes.
Investigation Insights
The Shibarium Bridge incident has been under scrutiny for some time now, with an investigator from the Shiba Inu team actively pursuing leads. This investigator has traced thousands of suspicious transactions associated with the breach, many of which have been linked back to KuCoin. Through meticulous efforts, they have identified 48 deposits on KuCoin made via 45 distinct deposit addresses. Analysis revealed that 293 transactions of interest were linked through 111 wallets, with significant amounts of Ethereum being laundered through Tornado Cash, alongside roughly 232.49 ETH also leading back to KuCoin.
The investigator discovered that a careless mistake by the hackers, involving a transfer of a small amount of ETH from a compromising wallet to a seemingly legitimate withdrawal address, provided crucial insights that helped pinpoint the illicit money trail and allow for the freezing of funds that could potentially be recovered.
Challenges in Recovery Efforts
Despite the promising leads, there has been a noted hesitation from KuCoin’s fraud team to take substantial action. They have reportedly requested a law enforcement case number before initiating any recovery efforts, which has frustrated Lucy and other involved parties who possess on-chain evidence of wrongdoing.
Thus, Lucy’s appeal to both KuCoin and law enforcement agencies reflects a growing urgency for a collaborative response to combat the increase in cyber threats, aiming for swift actions to protect the crypto community.
