The Shiba Inu team has announced significant changes in its ecosystem, including the Shibarium update and a security incident affecting staking functionality.
Launch of Shibarium Update
Shiba Inu developer Kaal Dhairya has reported that the Shibarium update is expected to launch early next week. According to Dhairya, minor issues were identified, but the Shibarium lane powered by Chainlink’s Cross-Chain Interoperability Protocol will be active by Monday.
Expansion of ShibaSwap
ShibaSwap has recently expanded its capabilities across multiple blockchains, enabling users to swap tokens among networks such as Ethereum, Polygon, and Arbitrum. This is expected to enhance liquidity and attract funds from major blockchain ecosystems.
Shibarium Security Incident
Recently, the Shiba Inu ecosystem experienced a security incident when an attacker utilized a flash loan to acquire 4.6 million BONE tokens. In response, developers temporarily paused staking functionality as a precautionary measure. An investigation into the incident is currently underway.
Thus, Shiba Inu continues to evolve despite the security challenges in its ecosystem. The community is awaiting further updates from the development team.
