Shibarium's $3M bridge hack still has no police report, and that's the problem

The trail is warm. The paperwork is missing.

This is one of those stories where the on-chain detectives did their job and the process fell over anyway. Per NewsBTC, community investigators followed the Shibarium bridge funds through Tornado Cash and out the other side — and the hacker's own sloppiness handed them the map. A stray 0.0874 ETH transfer unravelled a laundering scheme spanning 111 wallets and 45 unique exchange deposits.

232.49 ETH landed at KuCoin deposit addresses. KuCoin's position is procedurally unremarkable and practically fatal: it will not freeze suspected funds or hand over account records without a formal law enforcement case number.

Why didn't [Shiba] call the police? Why isn't there a report to the appropriate authorities?

Shane Cook, founder of Pulse Digital Marketing

Community investigator Shima has offered the full datasets and methodology to victims and law enforcement, and individual victims may need to lodge local complaints just to generate a case number the exchanges will accept.

What it means for degens

Different chain, same lesson. When a bridge gets drained, the recovery window is measured in the time it takes to get a case number in front of an exchange's compliance desk — and that clock starts with a filing, not a tweet. Perfect attribution is worth nothing if nobody with subpoena power is holding it.