Shiba Inu Lead Kaal Dhairya Calls $4 Million Hack 'Serious Incident' — Vitalik Buterin Says Focus On Low-Risk DeFi Than Memecoins

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Kaal Dhairya, the lead developer of the Shiba Inu (CRYPTO: SHIB) ecosystem, labeled the recent hack incident as “serious” on Sunday, but indicated that the team was able to contain the immediate damage. Damage Could Have Been Worse, Says Dhairya In a blog post, Dhairya provided updates about the security breach on Shiba Inu’s Layer 2 network, Shibarium, which resulted in the loss of $4 million in cryptocur ...