Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
  • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Podcasts
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Podcasts
Follow US
© 2026 By Crypto Times. All Rights Reserved.
DeFi News

Shibarium Re-Opened Fund Withdrawals on its Bridge to Ethereum

Written By Gopal Solanky
Published August 28, 2023 11:59 AM
Make The Crypto Times preferred on GoogleGoogle
Shibarium Re-Opened Fund Withdrawals on its Bridge to Ethereum

The pseudonym Shiba Inu developer Shytoshi Kusama has announced in a recent blogpost that Shibarium has been reopened and is now operating well on the mainnet. 

The announcement says that the bridge to transfer assets from Ethereum and vice-versa is working now. The developer claims that Shibarium has accumulated more than 65,000 wallets and over 350,000 transactions. 

It said that by design, the Shib, Leash, WEth withdrawals from the bridge could take 45 minutes to 3 hours, whereas its native token BONE could take up to 7 days.

The Shibarium team has also written a thank you note to the Polygon team, which provided additional resources and helped bring back the network live. 

Due to the massive influx of transactions, which the team did not expect, the deficient lunch of Shibarium put a halt to transfers of funds, and the team closed the network to the public. 

The reopening of the bridge comes after the Shibarium team announced on August 22 that the network is ready to relaunch.

“Now that we’ve proven that all funds are safu (as we said), and that Shibarium is ready for prime time, we will reopen our channels,” said the developer.

Also Read: Shibarium Team Reveals Their Plan For Next Development Phase

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News
Google News Banner

TAGGED:Ethereum (ETH)
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Latest News

Crypto Market Live: LAB Token Collapses 85% to $2

Prediction Market Fight May Reach Supreme Court CFTC Chair Selig

Prediction Market Fight May Reach Supreme Court: CFTC Chair Selig

Anchorage Bets Big on AI Economy With New Banking Model

Anchorage Bets Big on AI Economy With New Banking Model

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Clarity Act on Fast Track Senator Moreno Sets July 4 Deadline

Clarity Act on Fast Track? Senator Moreno Sets July 4 Deadline

Find Us on Socials

You may also like

Crypto Market Today Utya, Dogs, LAB Top Gainers as Bitcoin Reclaims $81K

Crypto Market Today: Utya, Dogs, LAB Top Gainers as Bitcoin Reclaims $81K

Aave vs Gerstein: Harrow Court Clash Over $71M Stolen ETH Linked to Kelp DAO Hack

Aave vs Gerstein Harrow: Court Clash Over $71M Stolen ETH Linked to Kelp DAO Hack

Aave Files Motion to Unfreeze $71M ETH Tied to KelpDAO Exploit

Aave Files Motion to Unfreeze $71M ETH Tied to KelpDAO Exploit

Wasabi Protocol Update EVM Breach Triggers Lockdown and Probe

Wasabi Protocol Update: EVM Breach Triggers Lockdown and Probe

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Podcasts

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information