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Shibarium Bridge Remains Frozen After $2.3M Exploit as Team Weighs Recovery

Developers say reopening awaits independent reviews.

Overview

  • Users still cannot move assets back to Ethereum, and the team has set no reopening date as it prioritizes security over speed.
  • The September 12 breach, first flagged by PeckShield, saw attackers gain control of 10 of 12 validators to approve fraudulent exits and withdraw about $2.3 million in ETH, SHIB, and ROAR.
  • Developers report containment steps including immobilizing the attacker’s BONE stake, rotating validator signers, migrating controls to hardware-backed multisigs, and adding contract-level circuit breakers.
  • Officials are withholding sensitive technical details and will issue updates only through verified channels to reduce risk and prevent scams.
  • Asset recovery remains unsettled, with options under discussion such as law enforcement cooperation, bounty offers, treasury or insurance use, and potential token burns subject to community approval.