Shiba Inu Team Under Fire: Crypto Founder Slams Failure to Report Shibarium Bridge Hack to Authorities

A crypto founder's public criticism throws a harsh spotlight on the Shiba Inu team's handling of a major security breach. The core allegation? A failure to formally report the Shibarium bridge hack to the proper authorities.

The Silence Speaks Volumes

In the high-stakes world of decentralized finance, protocol exploits are an unfortunate reality. The standard playbook involves swift disclosure, damage control, and cooperation with investigative bodies. The pointed accusation suggests a deviation from this norm, raising immediate questions about transparency and due diligence.

Community Trust on the Line

For a project built on massive retail community support, perceived opacity in a crisis can be more damaging than the hack itself. It cuts to the heart of governance and accountability—cornerstones that separate serious blockchain infrastructure from mere meme-driven speculation. The lack of an official report, as claimed, leaves a vacuum filled by doubt and speculation.

A Wake-Up Call for 'Degens' and Devs Alike

This incident serves as a brutal reminder: in the wild west of crypto, the line between innovative disruption and regulatory negligence can be razor-thin. While the team focuses on technological scaling, critics argue that procedural maturity—like talking to the authorities when things go wrong—isn't just bureaucratic red tape. It's what separates a sustainable ecosystem from another cautionary tale for your portfolio. After all, what's the point of building a decentralized future if you handle its crises like a secretive cabal? The real innovation needed might just be a phone call to the cops.

Shane Cook, the founder of Pulse Digital Marketing, has raised serious concerns about the shiba inu team’s handling of the Shibarium Bridge exploit. Nearly three months have passed since the bridge suffered a devastating hack that drained more than $3 million in user funds.

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