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Shiba Inu Hacker Negotiation Progress: Ransom Reduced from 50 ETH to 25 ETH

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This round of operations is interesting. The Shiba Inu development team and the hacker who stole K9 Finance DAO tokens are “negotiating” on-chain, with the latest offer dropping from the initial 50 ETH to 25 ETH.

According to The Shib Daily, the two parties have had multiple rounds of negotiations on the Ethereum blockchain:

  • Hacker’s initial price: 50 ETH
  • First counteroffer: 5 ETH (rejected)
  • Second counteroffer: 20 ETH (rejected)
  • Latest offer: 25 ETH

The hacker has not accepted this price yet. The Shiba Inu team has blacklisted the stolen tokens, ensuring they cannot circulate on mainstream exchanges. This effectively freezes the hacker’s cash-out channels, forcing them to either accept the deal or hold onto a pile of worthless tokens.

Interestingly, the entire negotiation process is recorded on-chain and is fully transparent. The Shiba Inu team also stated they will continue to push forward, hoping the hacker eventually accepts the proposal. The situation remains at a stalemate for now.

SHIB1.06%
KNINE3.22%
ETH1.36%
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