Shibarium Reopens Fund Withdrawals on Bridge
Shibarium, a Layer 2 blockchain developed by the creators of the Shiba Inu memecoin, has reopened fund withdrawals on its bridge, allowing token transfers to Ethereum. The temporary suspension of the Shibarium mainnet and bridge caused concerns among users who were unable to access their funds. However, the team has now confirmed that both mainnet and bridge withdrawals are fully functional, providing relief to the community. Users can now complete withdrawals for various assets, including ether, Shib, Leash, and wrapped ether, within a timeframe of 45 minutes to 4 hours. Withdrawals of the network’s native Bone token are also available but may take up to 7 days to process.
Key Points:
– Shibarium, a Layer 2 blockchain, has reopened fund withdrawals on its bridge.
– The temporary suspension of the mainnet and bridge caused concerns among users.
– Both mainnet and bridge withdrawals are now fully functional.
– Users can withdraw assets such as ether, Shib, Leash, and wrapped ether within a specific timeframe.
– Withdrawals of the network’s native Bone token may take up to 7 days to process.
Hot Take:
The reopening of fund withdrawals on the Shibarium bridge is a positive development for users who were unable to access their funds during the temporary suspension. With the mainnet and bridge now fully functional, users can once again complete withdrawals for various assets. However, the longer processing time for withdrawals of the network’s native Bone token may still be a concern for some users. Overall, this update brings much-needed relief to the community and demonstrates the team’s commitment to resolving scalability issues.
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