Shibarium team reopens bridge withdrawals on mainnet

Quick Take

  • Shibarium, a Layer 2 blockchain, has reopened fund withdrawals on its bridge to Ethereum.
  • Shibarium originally launched on August 16 but was soon paused as more scaling work was required.

Shibarium, a Layer 2 blockchain developed by the creators of the Shiba Inu memecoin, has reopened fund withdrawals on its bridge, which facilitates token transfers to Ethereum.

The move comes after the team temporarily suspended both the Shibarium mainnet and the bridge recently, citing scalability issues — effectively locking access to millions of dollars in user funds.

The Shibarium mainnet initially launched on August 16 but was quickly paused. The team attributed the pause to a “massive influx of transactions” and assured users that they would regain full access to their funds once the mainnet was operational again.

For several days, Shibarium users were unable to withdraw their assets, resulting in widespread uncertainty within the community.

Fully functional

Today, the team confirmed that both mainnet and bridge withdrawals are now fully functional, thus alleviating previous concerns.

According to the official announcement, 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, as specified by the network’s design.

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