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FOMO Daily > Cryptocurrency > Shibarium Reboots After $4M Exploit, Promises User Refund
CryptocurrencyWorld News

Shibarium Reboots After $4M Exploit, Promises User Refund

Oscar Harding
Last updated: October 6, 2025 7:20 pm
By
Oscar Harding
1 Min Read
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Shibarium has come back online after a flash-loan exploit drained funds from its bridge, and the team has outlined a recovery plan that rotates validator keys, restores checkpointing, and pledges refunds to impacted users. Developers say they validated fixes across test networks before resuming mainnet, and they’re tightening infrastructure by partnering with dRPC for broader access while consolidating the official RPC at a single endpoint. Documentation for node operators is being rebuilt to simplify setup, and new monitoring and incident playbooks aim to catch checkpoint mismatches or suspicious key activity sooner. The relaunch frames the incident as a hard lesson in validator security and governance, with a stepwise reopening of cross-chain flows and an ongoing investigation led by core developer reports. A phased refund process is planned as part of efforts to rebuild confidence across the ShibArmy after the bridge pause.

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ByOscar Harding
G'day I’m Oscar Harding, a Australia based crypto / web3 blogger / Summary writer and NFT artist. “Boomer in the blockchain.” I break down Web3 in plain English and make art in pencil, watercolour, Illustrator, AI, and animation. Off-chain: into  combat sports, gold panning, cycling and fishing. If I don’t know it, I’ll dig in research, verify, and ask. Here to learn, share, and help onboard the next wave.
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