Shiba Inu’s core contributors and the K9 Finance DAO have escalated their recovery campaign with an on-chain ultimatum to the Shibarium bridge exploiter, deploying a new bounty contract funded with 20 ETH and broadcasting the terms directly to the attacker via Ethereum Input Data Messages (IDM).
The 20 ETH bounty is escrowed on Ethereum at 0x5EA2…D4d0, a verified contract titled “KnineRecoveryBountyDecayAcceptMultiFunder,” which shows a current balance of 20 ETH and identifies k9dev.eth as the creator five days earlier. The contract’s read/write interfaces and verified source enable the attacker to permission the bounty contract to spend KNINE and, if desired, call an explicit accept() function to lock the deal before the team triggers the recoverKnine() settlement.
According to that account, the exploiter counter-demanded 50 ETH; K9 declined, reiterating that the KNINE at issue is blacklisted and unusable. The new contract, they add, is designed to close the loop “without direct communication” through an atomic exchange once approval is granted.
At press time, Shiba Inu traded at $0.00000907.
