Shane Prepare dinner, the founding father of Pulse Digital Advertising and marketing, has raised severe issues in regards to the Shiba Inu group’s dealing with of the Shibarium Bridge exploit.
Practically three months have handed for the reason that bridge suffered a devastating hack that drained greater than $3 million in person funds. On the time, Shiba Inu developer Kaal Dhairya confirmed the assault and stated the group had contacted related authorities and blockchain safety corporations reminiscent of PeckShield and Hexens.
Laundering Path
Yesterday, on-chain sleuth and Shiba Inu group determine Shima published an in depth breakdown of the hacker’s laundering path. He traced the move of funds from the preliminary exploit pockets by way of Twister Money and finally to dozens of KuCoin deposit addresses.
In accordance to Shima’s findings, the hacker laundered 260 ETH by way of Twister Money, with 232.49 ETH ultimately touchdown on KuCoin. His evaluation additionally revealed 111 wallets tied to the laundering course of and 45 distinctive KuCoin deposit addresses.
Though mixers like Twister Money hardly ever expose hidden wallets, Shima confirmed {that a} single mistake—an unintentional switch of simply 0.0874 ETH—linked the hacker’s “secret” wallets and unraveled their whole obfuscation technique.
No Legislation Enforcement Case Quantity?
After finishing the investigation, Shima stated he shared the proof with the Shiba Inu ecosystem group so they might coordinate with regulation enforcement. Shortly afterward, K9 Finance group member DeFi Turtle contacted KuCoin to request a freeze on the funds.
Nonetheless, the alternate insisted on a proper law-enforcement case quantity earlier than taking motion. With out this requirement, Shima reported that KuCoin refused to intervene.
Pulse Digital Advertising and marketing Founder Questions Shiba Inu Team’s Dealing with of Shibarium Exploits
Reacting to the report, Pulse Digital Advertising and marketing founder Prepare dinner questioned why the Shiba Inu group by no means engaged regulation enforcement, regardless of having substantial on-chain proof that would help an investigation.
The query highlights a rising concern: if the Shiba Inu group really intends to get better funds or pursue the attacker, why hasn’t a proper criticism been filed? The absence of a regulation enforcement case quantity prevented KuCoin from appearing on the proof.
With out a police report, exchanges can’t freeze accounts or launch inside knowledge which may assist determine cash mules or the first attacker. Shima’s findings make the group’s lack of escalation much more conspicuous.
Why did not https://t.co/OoTvg1kraL name the police?
Why is not there a report to the suitable authorities to get a case quantity?
Why haven’t any regulation enforcement been concerned within the https://t.co/OoTvg1kraL bridge hack? https://t.co/88Gdxi0rhh
— Pulse Digital 🟣 (@CryptoPulse9) December 1, 2025
Regardless of having an investigative roadmap “handed to them on a silver platter,” in accordance to Shima, the group nonetheless didn’t contain authorities or receive the case quantity wanted for KuCoin to freeze the stolen property.
Because the Shiba Inu ecosystem group has not filed an official report, Shima is now urging particular person victims to take motion themselves. He’s providing the entire dataset, methodology, and MetaSleuth mapping to any sufferer or regulation enforcement company keen to pursue the case of their respective nations.
Within the meantime, the group has reopened the Shibarium Bridge, and compensation plans at the moment are underway.
DisClamier: This content material is informational and shouldn’t be thought of monetary recommendation. The views expressed on this article might embrace the creator’s private opinions and don’t mirror The Crypto Primary opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Primary just isn’t accountable for any monetary losses.
