Shibarium and Ethereum Connected Again: A Wild Ride Through Crypto Chaos!

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Well, folks, hold onto your wallets because the Plasma Bridge-the magical contraption that lets you zip BONE tokens between Shibarium and Ethereum-is back online. And no, this is not some glitchy reboot. It’s real. A bit like when your internet connection finally works after a few hours of absolute chaos. 😅

According to the official blurb, the new version of the bridge is supposed to offer “higher security” and “greater loss prevention.” We’ve all heard that before, haven’t we? But hey, it’s undergone “multi-layer testing,” so we’re supposed to be impressed. Because when it comes to crypto, what’s more reassuring than multi-layer testing? The answer is simple: nothing.

Main Improvements

The bridge now has this super fancy feature where it can block suspicious addresses. You know, just in case some shady characters try to exploit it. The kind of folks who think they can outsmart everyone with their sneaky tricks. Spoiler alert: they can’t. 🚫

So, if your address has been flagged as “suspicious” (we can only imagine what that looks like), you’ll be banned from using the bridge. Goodbye, bad actors! You’re not welcome here.

But wait-there’s more! Now, there’s a “seven-day withdrawal delay.” That’s right, seven whole days. So, if you’re the kind of person who needs instant gratification in the form of BONE withdrawals, sorry, you’ll just have to sit tight for a whole week. Sure, security teams need a week to deal with any sketchy stuff, but you know-your crypto could probably be sipping cocktails in a tropical destination in that time. 🍹

Bounty Update

Now, let’s talk about something a little more dramatic: hacking. Recently, Shibarium got hit by a hack that caused a rather tidy $4 million worth of crypto to vanish into thin air. It’s like a magic trick, except instead of a rabbit, it’s all your savings. 🐇💸

The hacker managed to borrow BONE tokens, seize control of the validator keys (you know, just casually taking over the system), and approve fraudulent transactions. As if that wasn’t enough, they decided to swipe some KNINE tokens from the K9 Finance DAO project to the tune of $700,000. Someone’s going to be sleeping with the blockchain tonight.

As a nice little cherry on top, a bounty has been offered to retrieve the stolen KNINE tokens from the hacker’s addresses. Initially, the hacker was offered a $229,000 reward and a legal waiver. It’s like a twisted version of “Catch Me If You Can,” but with a lot more zeros. 💰

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2025-10-15 07:52