Shibarium plans to relaunch the Ethereum cross-chain bridge and establish a compensation plan

Foresight News: According to The Block, Shibarium developers stated that they are preparing to relaunch the platform's Ethereum cross-chain bridge and are formulating a compensation plan to reimburse users for losses caused by the emergency shutdown triggered by a vulnerability earlier this month. The team's latest post-mortem analysis indicates that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and within days after the attack, 4.6 million BONE tokens were recovered from the attacker's contract.

According to a community update on September 17, the attacker stole approximately $4.1 million worth of ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to negotiate with the attacker in good faith, offering a reward of 50 ETH (worth about $225,000 at the time) if the stolen funds were returned.