A $2.4 million exploit on the Shibarium Bridge has taken a turn for the worse, with the hacker now refusing to return the stolen funds despite being offered a bounty.
This development could weigh heavily on Shiba Inu price prediction sentiment, as it highlights a critical weakness in the ecosystem’s infrastructure.
The update came from developer Mitsuki Ryu Shimamoto, part of the K9 Finance team, who disclosed the details following a key breakthrough in the investigation.
Shibarium Bridge hacker foolishly chose not to accept the K9 bounty – it’s finally time to share the investigation we’ve been working on… this is juicy
The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering.
That one mistake… pic.twitter.com/itxsXbbGSm
— Shima 島。 (@MRShimamoto) December 1, 2025
It appears that, in their attempt to launder the money siphoned from the bridge, the hackers revealed their identities.
Despite his efforts, analyst Shimamoto acknowledged it is unlikely that the hacker will “face justice”. Tracing the money will demand a significant effort from authorities, along with manpower and resources, that they may not be willing to invest.
The whole incident revealed technical flaws in the design of an important piece of the Shiba Inu ecosystem. Although prices are starting to show signs of recovery.
SHIB has jumped 11% in the past 24 hours, signaling that momentum may finally be shifting in its favor.
After Monday’s sharp dip, the broader market appears poised for a comeback, with SHIB leading the charge among top meme coins.
While the token remains 58% down year-to-date, it is now approaching a key breakout point around $0.0000090. A decisive move above this level could open the door to a retest of $0.000010 and potentially set the stage for a full trend reversal.
If this bullish setup plays out, SHIB could reclaim market attention as traders begin rotating back into high-upside assets.
Meanwhile, new meme coins are stealing the spotlight this cycle. One of the most talked-about presales is Maxi Doge ($MAXI), which has already raised over $4 million as early buyers rush in ahead of what could be a breakout debut.
Maxi Doge ($MAXI) Injects Meme Energy Into the Trading World Through a Fun Token
Maxi Doge ($MAXI) is an Ethereum meme coin that embodies the hype that comes with bull markets. Its goal is to build a thriving community of like-minded ‘degens’ who know that their only way out of mom’s basement is through YOLO trades.
Through fun competitions like Maxi Ripped and Maxi Gains, the project will increase community engagement. Traders will receive rewards and bragging rights for climbing the leaderboard by showcasing their ROIs.
In addition, up to 25% of the presale’s proceeds will be used to invest in promising tokens with 1000X leverage, because YOLO. The gains will be used to pay for marketing campaigns that turn Maxi into a widely known meme coin.
To buy $MAXI and join the pump, simply head to the official Maxi Doge website and connect a compatible wallet like Best Wallet.
You can either swap USDT or ETH for this token or use a bank card to complete the transaction in seconds.
Visit the Official Maxi Doge Website Here
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