Shibarium has resumed operations after a $4 million exploit prompted an emergency shutdown. The Shiba Inu team restored the Layer 2 network following a ten-day investigation, recovering 4.6 million BONE tokens and implementing security upgrades, including stricter bridge protocols and contract migrations.
Analysts observe increased whale accumulation and reduced selling pressure, with some forecasting a 150% rebound for SHIB. Enhancements such as the ShibaSwap redesign and an updated Shibarium developer hub are expected to bolster liquidity and decentralization.
Shibarium Resumes After $4M Exploit, SHIB Price Recovery Anticipated
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