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Jakarta, Pintu News – Shiba Inu (SHIB) lead developer, Shytoshi Kusama, recently announced the formation of a “war room” in response to exploit attacks occurring on the Shibarium bridge.
This step was taken to improve network security and address the losses that had occurred.
Shytoshi Kusama, who is the lead developer of Shiba Inu, has confirmed his involvement in managing the impact of the Shibarium exploit that cost $2.4 million.
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Kusama dismissed claims that she had stepped away from the project and emphasized that she continued to work closely with the team in the “war room” that had been established. This involvement shows her dedication and responsibility towards the Shiba Inu community.
Kusama initially chose not to comment in order to thoroughly evaluate the situation before issuing an official statement. This is her first comment since the incident and the announcement of SHIB’s selection.
The Shiba Inu team promises to continue providing updates through their official channels as they seek a long-term solution.
The attack on Shibarium occurred when the attackers managed to access the validator signer keys, perform a flash loan attack, and take 4.6 million ShibaSwap BONE tokens.
As a result, the team lost a significant amount. In response, the team decided to freeze validator functions and secure staking assets in hard wallets, as well as cooperate with external security partners for investigation. The top priority is to restore network stability and protect user funds.
Efforts to recover funds included the offer of a reward for anyone who could safely return the stolen assets. Market price fluctuations occurred, with SHIB prices initially dropping but later recovering, while BONE and KNINE tokens also experienced fluctuations.
Also read: ShibaSwap Releases Latest Update to Strengthen Shiba Inu (SHIB) Ecosystem!
With the establishment of the “war room”, the Shiba Inu team demonstrated their commitment to not only addressing the current issues but also to improving overall network security.
The steps taken reflect a quick and organized response to a serious security incident. It also signifies a new era in the management and security of digital assets within the Shiba Inu ecosystem.
Users and investors are expected to see increased confidence in project management. With strengthened security measures and greater transparency, the future of Shiba Inu looks set to be more stable and secure.
The team also plans to continue communicating openly with its community, ensuring that all parties are informed of the latest developments.
Overall, the “war room” initiative by Shytoshi Kusama and the Shiba Inu team is an important step in addressing the security challenges faced by the crypto ecosystem.
With a focus on recovery and security improvements, Shiba Inu demonstrates its resilience in the face of problems and its commitment to its user community.
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