According to PANews on October 4th, Shibarium developers stated that they are preparing to restart the platform's Ethereum cross-chain bridge and are developing a compensation plan to compensate users who lost money due to a vulnerability that triggered an emergency shutdown earlier this month. The team's latest post-mortem analysis stated that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and 4.6 million BONE tokens have been recovered from the attacker's contracts in the days following the attack. According to a community update on September 17th, attackers stole approximately $4.1 million in ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to negotiate with the attacker in "good faith" and offered a 50 ETH reward, worth approximately $225,000 at the time, if the attacker returned the stolen funds.According to PANews on October 4th, Shibarium developers stated that they are preparing to restart the platform's Ethereum cross-chain bridge and are developing a compensation plan to compensate users who lost money due to a vulnerability that triggered an emergency shutdown earlier this month. The team's latest post-mortem analysis stated that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and 4.6 million BONE tokens have been recovered from the attacker's contracts in the days following the attack. According to a community update on September 17th, attackers stole approximately $4.1 million in ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to negotiate with the attacker in "good faith" and offered a 50 ETH reward, worth approximately $225,000 at the time, if the attacker returned the stolen funds.

Shibarium plans to restart the Ethereum cross-chain bridge and develop a compensation plan

2025/10/04 09:16

According to PANews on October 4th, Shibarium developers stated that they are preparing to restart the platform's Ethereum cross-chain bridge and are developing a compensation plan to compensate users who lost money due to a vulnerability that triggered an emergency shutdown earlier this month. The team's latest post-mortem analysis stated that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and 4.6 million BONE tokens have been recovered from the attacker's contracts in the days following the attack.

According to a community update on September 17th, attackers stole approximately $4.1 million in ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to negotiate with the attacker in "good faith" and offered a 50 ETH reward, worth approximately $225,000 at the time, if the attacker returned the stolen funds.

Market Opportunity
CROSS Logo
CROSS Price(CROSS)
$0.13031
$0.13031$0.13031
-0.33%
USD
CROSS (CROSS) 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

Exploring the Future of the Internet with ‘web3 with a16z’

Exploring the Future of the Internet with ‘web3 with a16z’

The post Exploring the Future of the Internet with ‘web3 with a16z’ appeared on BitcoinEthereumNews.com. Peter Zhang Sep 18, 2025 22:39 The podcast ‘web3 with a16z’ explores the transformative potential of Web3, offering insights from key industry figures on how this new internet era empowers users to own digital content. The podcast series “web3 with a16z” is shedding light on the transformative potential of the next generation of the internet, commonly referred to as Web3. This series, produced by a16z crypto, delves into how this burgeoning internet era empowers users, from artists to developers, to not just read or write but to own pieces of the digital landscape. Understanding Web3 In contrast to its predecessors, Web1 and Web2, which focused on reading and writing capabilities, Web3 introduces the concept of ownership. This shift is unlocking unprecedented levels of creativity and entrepreneurship, as individuals and organizations can now have a stake in the digital content they create or engage with. According to the a16z crypto, this ownership aspect is crucial in driving the next wave of innovation and economic opportunity in the digital realm. Diverse Content and Expert Insights The podcast doesn’t just stop at explaining the concepts; it offers a variety of formats and topics that cater to different interests within the crypto and Web3 space. From the latest trends to in-depth research and data insights, “web3 with a16z” provides a platform for top scientists and industry leaders to share their knowledge and expertise. This makes it a valuable resource for anyone looking to understand the nuances of crypto and the broader implications of Web3. A Resource for Builders and Users One of the core aims of the podcast is to serve as a definitive guide for both builders and users of the internet. Whether you are a coder, a company, or a community, the insights provided…
Share
BitcoinEthereumNews2025/09/19 19:50
Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings

Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings

BitcoinWorld Unstoppable: Why No Public Company Can Ever Catch MicroStrategy’s Massive Bitcoin Holdings Imagine trying to build a mountain of gold, only to discover
Share
bitcoinworld2025/12/17 14:30
How Crypto Could Reshape Finance, AI, and Privacy by 2026: A16z Crypto

How Crypto Could Reshape Finance, AI, and Privacy by 2026: A16z Crypto

The post How Crypto Could Reshape Finance, AI, and Privacy by 2026: A16z Crypto appeared on BitcoinEthereumNews.com. From stablecoin payments to AI-driven agents
Share
BitcoinEthereumNews2025/12/17 14:38