Shibarium operations have been significantly restricted following a major hack that occurred earlier this month, as confirmed by Shiba Inu developer Kaal Dhairya. This critical situation prevents users from transferring their assets back to the Ethereum network. The development team has not yet specified a precise date for the bridge's reopening, emphasizing that their primary focus is on ensuring safety and thorough verification. Dhairya has assured the community that all pertinent updates will be disseminated through official channels. The team is deliberately withholding specific details regarding the incident to avoid inadvertently assisting the attackers.

The security breach, which resulted in approximately $2.3 million being compromised, was initially detected on September 12 by blockchain security firm PeckShield. Following an internal investigation, the Shiba Inu team officially confirmed the compromise. The sophisticated attack involved the perpetrator artificially inflating their stake to gain undue influence over the network's validators, subsequently enabling them to submit fraudulent exit requests. A staggering majority of the validators, specifically 10 out of 12, were compromised, with their private keys illicitly used to approve malicious transactions.

The hacker successfully exploited the bridge mechanism to withdraw a substantial sum, including various assets such as Ethereum (ETH), Shiba Inu (SHIB) tokens, and ROAR tokens, totaling roughly $2.3 million in value. This incident has raised significant concerns about the security architecture of the Shibarium network.

Regarding asset recovery, Dhairya stated that the team is still in the process of finalizing their plans. Currently, the overarching priority is