In response to studies, it has been three months because the Shibarium Bridge hack that drained greater than $3 million from customers, but the case has not moved into formal regulation enforcement channels.
Associated Studying
On-chain investigators traced a transparent path of funds, and neighborhood members say the clues are sturdy sufficient to assist an official probe. Nonetheless, exchanges are holding again except a police case quantity is offered.
On-Chain Path Revealed
Primarily based on studies from on-chain sleuths, the attacker moved 260 Ether by means of Twister Money earlier than routing 232.49 ETH to deposit addresses at KuCoin. The laundering path concerned 111 wallets and 45 distinctive KuCoin deposits, in response to a public breakdown by a neighborhood investigator often called Shima.
Shibarium Bridge hacker foolishly selected to not settle for the K9 bounty – it’s lastly time to share the investigation we’ve been engaged on…🔎 that is juicy 🤤
The hacker made one silly mistake and it utterly unravelled their Twister Money laundering. 💰🌪️💵
That one mistake… pic.twitter.com/itxsXbbGSm
— Shima 島。 (@MRShimamoto) December 1, 2025
A small mistake — a single switch of 0.0874 ETH — linked in any other case hidden wallets and allowed the investigator to map a lot of the operation. The tracing work was shared with the Shiba Inu ecosystem group so it may very well be used to press for restoration.
Why didn’t https://t.co/OoTvg1kraL name the police?
Why isn’t there a report back to the suitable authorities to get a case quantity?
Why don’t have any regulation enforcement been concerned within the https://t.co/OoTvg1kraL bridge hack? https://t.co/88Gdxi0rhh
— Pulse Digital 🟣 (@CryptoPulse9) December 1, 2025
Sensible Roadblocks To Restoration
Tracing crypto by means of mixers stays tough, even when the ledger offers clues. Exchanges usually want subpoena energy, authorized requests or a case quantity to share account particulars.
That requirement can depart sturdy on-chain leads caught if a challenge doesn’t file a police report. Group investigators can level the way in which, however lots of the subsequent steps rely on formal authorized motion and cross-border cooperation.
Change Motion Hinges On Case Quantity
After Shima handed the findings to the challenge group, members of the neighborhood and groups comparable to K9 Finance stepped in. One consultant, utilizing the deal with DeFi Turtle, reached out to KuCoin to ask that the change freeze the suspected funds.
KuCoin replied that it might require a proper regulation enforcement case quantity earlier than taking such motion, based mostly on the messages which have circulated in neighborhood channels. With no police report, the change stated it couldn’t legally present inside information or lock the linked accounts.
Sleuth Affords Proof To Victims
Confronted with gradual institutional motion, Shima has supplied the total dataset, the mapping work and the methodology to victims and to any regulation enforcement physique prepared to behave. Victims in numerous international locations might must lodge complaints domestically to create the case numbers that exchanges demand.
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Calls For Formal Complaints
Shane Cook dinner, founding father of Pulse Digital Advertising and marketing, questioned why the Shiba Inu group had not filed an official criticism regardless of the on-chain proof. Stories present the group beforehand confirmed the breach and stated it had contacted safety companies together with PeckShield and Hexens.
Cook dinner’s criticism facilities on the concept that technical evaluation alone is probably not sufficient; a authorized submitting is commonly required to make exchanges cooperate. The neighborhood now wonders whether or not the challenge prioritized reopening the bridge and compensation planning over pursuing authorized routes.
Featured picture from Hacked.com, chart from TradingView
