The post Shiba Inu Offers 50 ETH Bounty to Recover $4.1M Shibarium appeared on BitcoinEthereumNews.com. Shiba Inu has launched a 50 ETH bounty program to recover millions in stolen Shibarium funds. The attacker must return all stolen tokens and submit a detailed whitehat disclosure report to claim the 50 ETH reward. The September 12 exploit drained $4.1 million after the hacker gained control of Shibarium validator keys using 4.6 million BONE. The Shiba Inu ecosystem team has unveiled a 50 ETH ($229,000) bounty program to recover millions in tokens stolen during the September 12 Shibarium bridge exploit.  Partnering with K9 Finance, the team placed the reward in a dedicated escrow contract for the attacker, on the condition that all stolen tokens are returned to a specified recovery wallet. The bounty covers assets including SHIB, ETH, LEASH, xFUND, Treat, FUND, DAI, WBTC, Bad Idea AI, ROAR, USDC, LTD, USDT, Shifu, and OSCAR. KNINE tokens are excluded as K9 Finance has already secured those holdings. Conditions for the Shiba Inu Hacker To claim the bounty, the attacker must not only return the stolen tokens but also provide a full whitehat disclosure report. The document must explain the exploit method, including how validator access was gained, the tools and scripts used, related addresses and transaction hashes, and recommended prevention steps. If the attacker complies and ceases moving the compromised tokens, the Shiba Inu team promises to release the 50 ETH reward and issue a legal waiver where permitted by law. Separately, K9 Finance has offered a 5 ETH bounty for the frozen KNINE tokens worth more than $700,000. Details of the Shibarium Exploit According to the updated investigation, the hacker initiated a flash loan swap to purchase 4.6 million BONE from ShibaSwap. These tokens were delegated to Ryoshi Validator 1, giving the attacker over two-thirds of validator voting power. Using compromised validator keys, they signed a malicious state… The post Shiba Inu Offers 50 ETH Bounty to Recover $4.1M Shibarium appeared on BitcoinEthereumNews.com. Shiba Inu has launched a 50 ETH bounty program to recover millions in stolen Shibarium funds. The attacker must return all stolen tokens and submit a detailed whitehat disclosure report to claim the 50 ETH reward. The September 12 exploit drained $4.1 million after the hacker gained control of Shibarium validator keys using 4.6 million BONE. The Shiba Inu ecosystem team has unveiled a 50 ETH ($229,000) bounty program to recover millions in tokens stolen during the September 12 Shibarium bridge exploit.  Partnering with K9 Finance, the team placed the reward in a dedicated escrow contract for the attacker, on the condition that all stolen tokens are returned to a specified recovery wallet. The bounty covers assets including SHIB, ETH, LEASH, xFUND, Treat, FUND, DAI, WBTC, Bad Idea AI, ROAR, USDC, LTD, USDT, Shifu, and OSCAR. KNINE tokens are excluded as K9 Finance has already secured those holdings. Conditions for the Shiba Inu Hacker To claim the bounty, the attacker must not only return the stolen tokens but also provide a full whitehat disclosure report. The document must explain the exploit method, including how validator access was gained, the tools and scripts used, related addresses and transaction hashes, and recommended prevention steps. If the attacker complies and ceases moving the compromised tokens, the Shiba Inu team promises to release the 50 ETH reward and issue a legal waiver where permitted by law. Separately, K9 Finance has offered a 5 ETH bounty for the frozen KNINE tokens worth more than $700,000. Details of the Shibarium Exploit According to the updated investigation, the hacker initiated a flash loan swap to purchase 4.6 million BONE from ShibaSwap. These tokens were delegated to Ryoshi Validator 1, giving the attacker over two-thirds of validator voting power. Using compromised validator keys, they signed a malicious state…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.