Shibarium, the layer 2 chain created by the Shiba Inu project, has restarted its Ethereum bridge, allowing users to access their funds again. This resolves the issues encountered during its launch earlier this month, which had caused $2.5 million in assets to be temporarily frozen. The Shibarium team has now restored mainnet operations and made sure that the bridge is working smoothly. Users can now withdraw various assets such as ETH, SHIB, LEASH, and wrapped ETH. According to Shytoshi Kusama, the anonymous lead developer of Shiba Inu, these withdrawals should take between 45 minutes and 3 hours. However, withdrawals of BONE, the governance token for ShibaSwap, might take up to a week.The price of SHIB has remained relatively stable, with only a 0.1% change over the last 24 hours, according to CoinGecko.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Shytoshi Kusama, Shiba Inu |
| Companies | ShibaSwap, Shibarium, CoinGeck, Shytoshi Kusama, Shiba Inu |
| Currencies | shib, bitcoi, bone, eth, leash |
| Securities |
