K9 Finance has issued a public warning to the Shiba Inu team. The official liquid staking platform for Shibarium announced it will wait until January 6, 2026, to receive full compensation for the victims of the Shibarium bridge exploit that occurred in September 2025, before considering its future on the Layer 2. This action follows a purported breakdown in communication with the Shiba Inu team through private channels, thus exhausting internal options.
What happened in September was the draining of multiple cryptocurrencies from the bridge, with K9 Finance losing over $700,000 in its own KNINE tokens, in addition to ETH, SHIB, and other assets. Despite following all requested protocols for the hack response, the platform was forced to go public with its concerns to ensure transparency for its token holders. The possibility of a potential exit highlights the tension between a key partner and the core ecosystem amidst the lack of resolution.
The deadline of January 6, 2026, is firm, and K9 Finance was clear: partial restitution will not be sufficient. If the deadline is missed, the K9 decentralized autonomous organization (DAO) will convene for a formal vote. Members will decide whether maintaining operations on Shibarium remains beneficial for the ecosystem’s long-term health, which could lead to a total severance of ties with the network.
Source: https://x.com/K9finance/status/1999094318385045687
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