Neutral
Shiba Inu's Shibarium bridge resumes after $4 million exploit; user refunds planned.
In the past 24 hours, Shiba Inu's Shibarium bridge has resumed operations following a significant exploit that drained approximately $4 million in assets. The development team has implemented security measures and is working on a plan to reimburse affected users. Despite these efforts, SHIB's price remains under pressure, trading at $0.000005102, about 94.23% below its all-time high.
Key points
- Shiba Inu's Shibarium bridge has resumed operations after a $4 million exploit; user refunds are in progress.
- A dormant Shiba Inu whale liquidated 600 billion SHIB after three years, incurring a $1.63 million loss.
- Shiba Inu's Shibarium update fails to boost SHIB price amid declining network activity.
Sources
AI-generated from public news sources. Not financial advice.
