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K9 Finance Issues January Deadline to Shiba Inu Team Over Bridge Hack

K9 Finance Issues January Deadline to Shiba Inu Team Over Bridge Hack WikiBit 2025-12-12 03:39

K9 Finance has publicly challenged the Shiba Inu team with a firm deadline following unresolved issues from the September 2025 Shibarium bridge exploit.

K9 Finance has publicly challenged the Shiba Inu team with a firm deadline following unresolved issues from the September 2025 . The liquid staking platform, which operates as Shibariums official partner, announced it will wait until January 6, 2026, for complete victim compensation before considering its future on the network.

The September incident saw hackers drain multiple cryptocurrencies from the . K9 Finance lost over $700,000 in KNINE tokens alongside stolen ETH, SHIB, LEASH, ROAR, and TREAT. The platform claims it has followed all protocols requested by Shiba Inus team regarding the hack response and victim restitution processes.

Communication Breakdown Prompts Public Statement

K9 Finance maintained private dialogue channels with the Shiba Inu team throughout the recovery process. The platform operated under good faith assumptions while working toward a resolution. However, across all private channels.

The decision to publicly address the situation came after exhausting private options. K9 Finance stated this transparency serves its token holders and upholds responsible governance standards. The platform emphasized its duty to provide clarity to community members who suffered losses.

DAO Vote May Determine Platforms Future on Shibarium

The K9 Finance decentralized autonomous organization set January 6, 2026, as the resolution deadline. Users affected by the bridge exploit must receive full and verifiable compensation by this date. The platform emphasized that partial restitution will not satisfy the requirement.

Should the deadline pass without complete victim compensation, the DAO will convene for formal voting. Members will decide whether maintaining operations on Shibarium remains beneficial for the ecosystems long-term health. The vote could result in K9 Finance severing ties with the network entirely.

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