The post Shytoshi Kusama Breaks Long Silence, Addresses Concerns About Leaving SHIB appeared on BitcoinEthereumNews.com. Shiba Inu lead ambassador Shytoshi Kusama has broken his silence in a recent tweet, addressing speculation of his leaving the Shiba Inu project. Before this tweet, Shytoshi Kusama’s last post on X was on Aug. 5, when he shared a blog post on elections, a move to elect new lead visionary and councils for each DAO as SHIB clocked five years old. The election proposal did not sit well with some members of the community, sparking governance debates. Over the weekend, Peckshield called the attention of the Shiba Inu community to a flash loan attack on Shibarium, tagging the Shiba Inu lead ambassador, Shytoshi Kusama, in an X post. An attacker had borrowed 4.6 million BONE through a flash loan to gain control of the majority of validator keys. Some in the community had anticipated a response to the post by Kusama, but Shiba Inu developer Kaal Dhairya quickly responded. You Might Also Like Dhairya revealed proactive steps that were able to prevent a bigger, more serious, breach, bringing relief to the Shiba Inu community.   In a follow-up tweet, the official SHIB X account revealed that the exploit resulted in a loss of assets of 224.57 ETH and 92.6 billion SHIB. The attacker attempted to sell nearly $700,000 in KNINE, but this failed after K9finance DAO multisig blacklisted the address. Additional tokens impacted included LEASH, ROAR, TREAT, BAD and SHIFU, which remained unmoved at the time. The 4.6 million BONE tokens, as delegated to validators, were locked and could not be withdrawn by the attackers. You Might Also Like Shytoshi Kusama responds In a recent X post, Kusama put an end to speculation of his abandoning the Shiba Inu project, highlighting a focus that not only encapsulates SHIB, but also AI initiatives, to boost Shiba Inu ecosystem tokens. Although… The post Shytoshi Kusama Breaks Long Silence, Addresses Concerns About Leaving SHIB appeared on BitcoinEthereumNews.com. Shiba Inu lead ambassador Shytoshi Kusama has broken his silence in a recent tweet, addressing speculation of his leaving the Shiba Inu project. Before this tweet, Shytoshi Kusama’s last post on X was on Aug. 5, when he shared a blog post on elections, a move to elect new lead visionary and councils for each DAO as SHIB clocked five years old. The election proposal did not sit well with some members of the community, sparking governance debates. Over the weekend, Peckshield called the attention of the Shiba Inu community to a flash loan attack on Shibarium, tagging the Shiba Inu lead ambassador, Shytoshi Kusama, in an X post. An attacker had borrowed 4.6 million BONE through a flash loan to gain control of the majority of validator keys. Some in the community had anticipated a response to the post by Kusama, but Shiba Inu developer Kaal Dhairya quickly responded. You Might Also Like Dhairya revealed proactive steps that were able to prevent a bigger, more serious, breach, bringing relief to the Shiba Inu community.   In a follow-up tweet, the official SHIB X account revealed that the exploit resulted in a loss of assets of 224.57 ETH and 92.6 billion SHIB. The attacker attempted to sell nearly $700,000 in KNINE, but this failed after K9finance DAO multisig blacklisted the address. Additional tokens impacted included LEASH, ROAR, TREAT, BAD and SHIFU, which remained unmoved at the time. The 4.6 million BONE tokens, as delegated to validators, were locked and could not be withdrawn by the attackers. You Might Also Like Shytoshi Kusama responds In a recent X post, Kusama put an end to speculation of his abandoning the Shiba Inu project, highlighting a focus that not only encapsulates SHIB, but also AI initiatives, to boost Shiba Inu ecosystem tokens. Although…

Shytoshi Kusama Breaks Long Silence, Addresses Concerns About Leaving SHIB

Shiba Inu lead ambassador Shytoshi Kusama has broken his silence in a recent tweet, addressing speculation of his leaving the Shiba Inu project.

Before this tweet, Shytoshi Kusama’s last post on X was on Aug. 5, when he shared a blog post on elections, a move to elect new lead visionary and councils for each DAO as SHIB clocked five years old. The election proposal did not sit well with some members of the community, sparking governance debates.

Over the weekend, Peckshield called the attention of the Shiba Inu community to a flash loan attack on Shibarium, tagging the Shiba Inu lead ambassador, Shytoshi Kusama, in an X post. An attacker had borrowed 4.6 million BONE through a flash loan to gain control of the majority of validator keys.

Some in the community had anticipated a response to the post by Kusama, but Shiba Inu developer Kaal Dhairya quickly responded.

You Might Also Like

Dhairya revealed proactive steps that were able to prevent a bigger, more serious, breach, bringing relief to the Shiba Inu community.  

In a follow-up tweet, the official SHIB X account revealed that the exploit resulted in a loss of assets of 224.57 ETH and 92.6 billion SHIB. The attacker attempted to sell nearly $700,000 in KNINE, but this failed after K9finance DAO multisig blacklisted the address. Additional tokens impacted included LEASH, ROAR, TREAT, BAD and SHIFU, which remained unmoved at the time. The 4.6 million BONE tokens, as delegated to validators, were locked and could not be withdrawn by the attackers.

You Might Also Like

Shytoshi Kusama responds

In a recent X post, Kusama put an end to speculation of his abandoning the Shiba Inu project, highlighting a focus that not only encapsulates SHIB, but also AI initiatives, to boost Shiba Inu ecosystem tokens.

The Shiba Inu lead ambassador gave a reason for his silence, stating that he needed to take time to understand situations before speaking.

“Yes we are on it, in the war room, so to speak,” Kusama stated as to the next steps for the Shiba Inu ecosystem, with more official statements to follow in SHIB channels.

Source: https://u.today/shytoshi-kusama-breaks-long-silence-addresses-concerns-about-leaving-shib

Market Opportunity
SHIFU Logo
SHIFU Price(SHIFU)
$0.00000421
$0.00000421$0.00000421
0.00%
USD
SHIFU (SHIFU) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Gold continues to hit new highs. How to invest in gold in the crypto market?

Gold continues to hit new highs. How to invest in gold in the crypto market?

As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52
MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review

MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review

The post MicroStrategy Bitcoin Strategy Faces Dilution Risks Amid Stock Decline, MSCI Review appeared on BitcoinEthereumNews.com. MicroStrategy stock dilution arises
Share
BitcoinEthereumNews2025/12/27 05:01