Shibarium Reactivates BONE Plasma Bridge with Enhanced Security
Shibarium has reopened the Plasma Bridge for BONE tokens. This move comes after a recent security breach that saw attackers steal over $4.1 million.The exploit involved an attacker gaining control of 4.6 million BONE tokens through a flash loan attack.
Following the incident, the shiba Inu team conducted a thorough review. They introduced new security measures to prevent future attacks. The bridge now features a blacklisting system to block suspicious addresses. This system helps protect the ecosystem from abuse.
Users can now safely transfer BONE between Ethereum and Shibarium. A 7-day withdrawal delay has been added for all BONE Plasma withdrawals. This delay gives security teams time to monitor transactions and respond to any suspicious activity. The team believes this will strengthen the bridge’s fraud resistance.
Prices of SHIB, BONE, and KNINE dropped in September. The team’s quick action helped minimize further losses. The reactivation includes a proactive blacklisting feature. It flags and blocks risky addresses, enhancing overall security. The delay in withdrawals provides a buffer for operators to detect and address anomalies.
Shibarium also added a 7-day delay for withdrawals.This delay ensures a safer experience without limiting user access. The update aims to restore user confidence in the ecosystem.
For more details, visit the Shibarium website.
