K9 Finance has issued a public ultimatum to the Shiba Inu team, demanding resolution of compensation issues stemming from a major hack that occurred in September 2025. The liquid staking platform, which partners with Shibarium, has set a deadline of January 6, 2026, for full victim compensation before reevaluating its position within the network. The analytical report published in the material substantiates the following: the urgency of addressing these compensation issues is critical for maintaining trust within the community.
Hack and Theft of Cryptocurrencies
The hack in question resulted in the theft of various cryptocurrencies from the Shibarium bridge, with K9 Finance reporting losses exceeding 700,000 in KNINE tokens, alongside stolen cryptocurrencies including:
- ETH
- SHIB
- LEASH
- ROAR
- TREAT
K9 Finance asserts that it has adhered to all protocols established by the Shiba Inu team regarding the response to the hack and the restitution of victims.
Frustration Over Communication Breakdown
Despite maintaining private communication channels with the Shiba Inu team during the recovery efforts, K9 Finance has expressed frustration over a breakdown in dialogue, leading to their public challenge. The decentralized autonomous organization (DAO) of K9 Finance has made it clear that only complete restitution will be acceptable.
Future Actions and Deadlines
If the January deadline passes without resolution, a vote will be held to decide the platform's future on the Shibarium network.
The Central Bank of Nigeria has recently introduced significant regulatory changes for fintech, which contrasts with K9 Finance's ongoing compensation demands following a major hack. For more details, see more.
