Shibarium Reopens After Exploit, Plans Compensation for Users

A critical exploit of Shibarium’s Ethereum bridge led to a $4.1 million loss in cryptocurrency assets. The team has successfully recovered over 4.6 million BONE tokens and is developing a compensation plan for affected users. This incident highlights the vulnerabilities present in cross-chain bridges and triggered significant market reactions, including a decline in SHIB price. 4.6 million BONE was recovered and the bridge has been restarted with the aim of rebuilding trust.