K9 Finance, which provides Liquidity Staking to Shiba Inu’s Shibarium, has threatened to withdraw support to the network if the SHIB team fails to compensate victims in the $2.4 million September hack. They issued a deadline of January 6, 2026, and if the SHIB team fails to address the issues, support would be withdrawn for the Shibarium network.
If K9 Finance steps away from Shibarium, the network will come under severe distress. Shiba Inu, which is already plunging in the charts, could head further south. K9 Finance took to X, stating that the platform has provided support after the hack. However, they allege that they have not received any communication or guidance from the SHIB team.
“At this time, we have received no further communication or guidance in any of our private chats with the SHIB team,” wrote K9 Finance, tagging Shiba Inu. “To uphold transparency and fairness, the DAO is establishing a final window for resolution: K9 Finance will wait until January 6th, 2026, for users to be fully and verifiably made whole from the Shibarium bridge incident.”
“If no complete restitution is provided by that date, the DAO will formally convene and vote on our future relationship with Shibarium, including whether continued business on the chain remains viable for the long-term health of the K9 ecosystem,” they warned the Shiba Inu team.
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K9 Finance Warns Shiba Inu Team Over the Shibarium Hack
However, Shiba Inu’s lead developer Shytoshi Kusama has not provided a statement yet. Even the official SHIB X handle has yet to provide a response. If K9 Finance decides to cut support for Shibarium, the consequences would be dire.
Trust in Shiba Inu is already waning, and the token is receiving little to no support. Investors are skeptical about its future and are unable to withdraw their money. Traders are hesitant to press the sell button as the losses are tenfold. Even if they do, they will take home a fraction of the money that they had invested. The majority of the investors believed that SHIB could reach the $0.01 mark. It is, however, moving backward in the indices and adding several zeroes.