In a significant update for the Shiba Inu community, developers of the Shibarium network have announced plans to restart the Ethereum bridge following a recent exploit. This comes after a $4 million incident that prompted an emergency shutdown earlier this month. The publication provides the following information: the team is working diligently to enhance security measures and prevent future vulnerabilities.
Validator Key Rotation and Contract Migration
The Shibarium team revealed that they have successfully rotated all validator keys and migrated over 100 ecosystem contracts to secure wallets, enhancing the network's security. In a positive turn of events, they also reported recovering 46 million BONE tokens from the attackers' contract shortly after the exploit occurred.
Reimbursement Plan for Affected Users
Additionally, the developers are working on a reimbursement plan for users who were affected by the exploit, aiming to restore confidence in the platform. As the team prepares for the bridge's relaunch, they are focused on ensuring the safety and integrity of the Shibarium ecosystem.
