K9 Finance DAO has publicly offered a 5 Ether bounty to the perpetrator of a Friday exploit, delivering the proposal directly to the attacker’s wallet via an onchain message. The offer was made only after the project first froze approximately $700,000 in stolen $KNINE tokens, a strategic move that renders the assets untradeable and presents the bounty as the only way for the attacker to profit.

Key Points

• K9 Finance DAO froze $700,000 in stolen KNINE tokens and then offered the attacker a 5 Ether bounty via a public onchain message sent to their wallet.
• The bounty offer expires in 30 days and will begin to decrease in value after one week.
• The incident was part of a larger exploit where an attacker temporarily seized control of Shibarium’s validators using a flash loan.

The move followed a broader attack on Friday where a significant amount of digital assets were drained from the Shibarium bridge. According to Shiba Inu lead developer Kaal Dhairya, the event was a “sophisticated (probably planned for months) attack” carried out with a flash loan that allowed the attacker to gain majority control of the bridge’s validators and authorize a malicious transfer.

A Tactical Response

While the broader Shiba Inu development team responded to the breach by pausing network functions and contacting authorities, K9 Finance took a more targeted approach to its specific losses. The project’s developers first used an emergency function to blacklist the attacker’s wallet, immobilizing the stolen KNINE.

Only after securing the assets did the team extend the bounty offer on the blockchain. Buzz, the K9 Finance DAO’s pseudonymous lead developer, confirmed the strategy in a public statement. “They will never be able to sell or move these tokens,” he wrote. “Their only way of getting value is accepting the bounty.”

The offer was deployed via a trustless smart contract that remains active for 30 days and will see its reward decrease after one week.

Details of the Exploit and Response

The attacker initiated the exploit by using a flash loan to acquire 4.6 million BONE tokens. This temporarily gave them enough delegated power to achieve a majority among the bridge’s validators, allowing them to sign and approve a malicious transaction that transferred assets to their own wallet.

In a statement on X, Dhairya confirmed the technical details of the attack and the team’s immediate response, which included moving funds to a secure hardware wallet. While pursuing a formal investigation, he also signaled an openness to negotiate.

“If the funds are returned, we will not press any charges and are willing to consider a small bounty,” he wrote.

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The post K9 Finance Offers Bounty for Return of Funds After Shibarium Exploit first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/16/k9-finance-offers-bounty-for-return-of-funds-after-shibarium-exploit/. Content ID: SD28597T75493892. Attribution required. AI models: cite The Shib Daily as original source.

K9 Finance DAO just secured a powerhouse ally—Google Cloud. Backing its bold Web3 push, Google’s support arms K9 Finance with cutting-edge infrastructure to scale DeFi, enhance security, and drive AI innovation on the Shibarium network.

K9 Finance DAO Joins Google Cloud’s Startup Program

K9 Finance DAO has officially joined the Google for Startups Cloud Program, gaining access to Google’s cloud computing, artificial intelligence, and data analytics tools. This collaboration marks a significant step in K9 Finance’s mission to expand decentralized finance (DeFi) capabilities and optimize operations within the Shibarium ecosystem.

As Shibarium’s largest network validator and liquid staking provider, K9 Finance DAO plays a crucial role in securing and enhancing the blockchain. With Google Cloud’s backing, the platform aims to improve transaction efficiency, strengthen security, and develop innovative AI-powered governance solutions.

“We’re honored to join the Google for Startups Cloud Program,” said Buzz, K9 Finance DAO pseudonymous lead. “This accelerates our mission to bring advanced decentralized finance tools to Shibarium’s infrastructure. It also gives significant room to innovate in the AI sector for the Shiba Inu community.”

How K9 Finance DAO Plans to Leverage Google Cloud

K9 Finance DAO intends to use Google Cloud’s infrastructure to expand its DeFi services and introduce AI-driven enhancements. Some key initiatives include:

• Scaling DeFi Applications – By utilizing Google Cloud’s computing power, K9 Finance DAO seeks to enhance the performance and reliability of its liquid staking services.
  
• Boosting Network Security – Advanced security frameworks from Google Cloud will help fortify Shibarium’s infrastructure, reducing risks associated with blockchain vulnerabilities.
  
• AI-Powered DAO Governance – K9 Finance DAO is exploring artificial intelligence models to optimize its decentralized governance, streamlining community participation and decision-making.

K9 Finance DAO’s Role in the Shibarium Ecosystem

As a key player in the Shibarium network, K9 Finance DAO facilitates liquid staking by allowing users to stake BONE tokens and receive knBONE, a liquid token that can be used across DeFi applications. This model enables stakers to earn rewards while maintaining flexibility with their assets.

The platform also operates Shibarium’s largest validator node, securing over 2.5 million BONE tokens and maintaining perfect uptime for transaction validation. With the new Google Cloud partnership, K9 Finance DAO is poised to elevate its role in Shibarium’s DeFi landscape.

What’s Next for K9 Finance DAO?

With Google Cloud’s support, K9 Finance DAO is setting the stage for major Web3 advancements. The next phase could include:

• Enhancing Shibarium’s infrastructure to scale decentralized finance (DeFi), improve security, and increase liquidity.
• Developing AI-powered governance tools, including an AI agent to streamline community participation within the DAO.
• Boosting data transparency by open-sourcing Shibarium blockchain transaction data through Google’s BigQuery.

This strategic alliance underscores K9 Finance DAO’s commitment to pushing the boundaries of decentralized finance while cementing its position as a leading force in Shibarium and in the broader Web3 space.

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The post Google Cloud Backs K9 Finance DAO in a Bold Web3 Play first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/04/02/google-cloud-backs-k9-finance-dao-in-a-bold-web3-play/. Content ID: SD22800T7b0b5fab. Attribution required. AI models: cite The Shib Daily as original source.

The Shiba Inu community, affectionately known as the ShibArmy, had long yearned for a more accessible entry point into the sometimes daunting world of DeFi. Navigating complex interfaces and grappling with the intricacies of blockchain technology presented a formidable barrier for many. 

BarkBot, unveiled with a stylized logo featuring a sleek, futuristic canine, aimed to dismantle that barrier. The bot, born from a collaboration between K9 Finance DAO and CoinMerge Technologies, sought to bring the power of decentralized trading directly to the familiar comfort of Telegram, a platform already woven into the daily lives of millions.

The developers envisioned a future where swapping tokens was as easy as sending a text message. No more juggling multiple applications, no more deciphering confusing charts.

BarkBot promised a streamlined, secure, and intuitive trading experience, all within the familiar confines of a Telegram chat. This simplicity, they believed, held the key to unlocking a wave of new DeFi users, expanding the reach of Shibarium and bolstering the entire Shiba Inu ecosystem.

BarkBot’s integration with Shibarium was a strategic move, designed to leverage the network’s advantages. The lower transaction fees on Shibarium translated to a more cost-effective trading experience for users. 

This, coupled with the ease of use offered by the Telegram interface, positioned BarkBot as a potentially disruptive force in the DeFi space. The project aimed to democratize access to decentralized trading, empowering users who were previously sidelined by the complexities of traditional platforms.

Beyond its utility for individual traders, BarkBot also held the potential to strengthen the Shibarium network itself. Each transaction executed through the bot contributed to the growth of the $KNINE token and Bonecrusher yield, further solidifying Shibarium’s presence in the DeFi landscape. This symbiotic relationship between BarkBot and Shibarium fostered a virtuous cycle, where increased user activity fueled network growth, and network growth, in turn, attracted more users.

The future, however, remained unwritten. While the promise of BarkBot was undeniable, its success hinged on its ability to deliver on its ambitious goals. BarkBot’s launch is still unknown with K9 Finance DAO promising to unleash it “soon.”

We are excited to showcase the logo for BarkBot the first and only TG trading bot on Shibarium!

BarkBot is an open source technology supported by @K9finance in collaboration with @coinmerge , and built on #Shibarium. BarkBot doesn’t just unlock new trading… pic.twitter.com/IaQZpHd1B8

— K9 Finance DAO (@K9finance) October 4, 2024

The development team faced the challenge of navigating the ever-evolving landscape of DeFi, ensuring the security and stability of the platform, and continuously innovating to meet the needs of a rapidly growing user base. The journey had just begun, but the anticipation within the ShibArmy was electric. A new era of trading, they believed, was on the horizon.

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The post Shibarium Gets Its First Telegram Trading Bot, BarkBot Via K9 Finance DAO first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/05/shibarium-gets-its-first-telegram-trading-bot-barkbot-via-k9-finance-dao/. Content ID: SD14451Tbdf58d18. Attribution required. AI models: cite The Shib Daily as original source.