| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
The Plasma Bridge is the cross-chain mechanism that moves BONE between Shibarium and Ethereum; the recent upgrade adds address-blocking and a seven-day withdrawal delay to strengthen security and prevent rapid exploitation while recovery efforts and bounties continue for assets lost in a prior breach.
-
Rapid reinstatement with enhanced safeguards
-
Address-blocking and a seven-day withdrawal delay reduce risk of illicit withdrawals.
-
On-chain analysis and a dedicated bounty aim to recover ~ $700,000 in KNINE tokens and address a ~$4M incident.
Plasma Bridge update: enhanced security for BONE transfers with address blocks and a 7-day withdrawal delay—read the update and follow recovery efforts on COINOTAG.
What is the Plasma Bridge?
The Plasma Bridge is the cross-chain mechanism that enables transfers of BONE tokens between the Shibarium Layer-2 network and the Ethereum mainnet. The recent upgrade restores bridge operations with added controls designed to limit exploitation and provide teams with time to react to suspicious activity.
How does the Plasma Bridge update change security and user risk?
The update introduces two primary defenses: a system to block addresses flagged as suspicious and a mandatory seven-day withdrawal delay for BONE transfers. These measures are intended to give security teams a window to investigate anomalous transactions. The bridge has undergone multi-layer testing prior to relaunch, per the Shibarium announcement, to validate these protections.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Main improvements
The relaunch focuses on proactive loss prevention. First, bridge operators can now block addresses that are identified as potentially malicious. Once an address is flagged, it is prevented from initiating or completing interactions with the bridge, limiting the ability of bad actors to route stolen or illicit assets through the system.
Second, a seven-day withdrawal delay has been instituted for all outgoing BONE withdrawals. The delay creates a buffer period during which security teams can detect and respond to suspicious activity before funds reach finality on the receiving chain. This is a deliberate tradeoff: it increases protection at the cost of slower withdrawal finalization and a less immediate user experience.
| COINOTAG recommends • Exchange signup |
| 📈 Clear interface, precise orders |
| Sharp entries & exits with actionable alerts. |
| 👉 Create free account → |
| COINOTAG recommends • Exchange signup |
| 🧠 Smarter tools. Better decisions. |
| Depth analytics and risk features in one view. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🎯 Take control of entries & exits |
| Set alerts, define stops, execute consistently. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🛠️ From idea to execution |
| Turn setups into plans with practical order types. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 📋 Trade your plan |
| Watchlists and routing that support focus. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| 📊 Precision without the noise |
| Data‑first workflows for active traders. |
| 👉 Sign up → |
Bridge maintainers report that the new release has passed multi-layer testing, including functional checks and security reviews, to ensure the address-blocking logic and delay mechanics operate as intended under realistic conditions.
Bounty update
Following a recent security incident on Shibarium, reported by COINOTAG and observable in on-chain records, attackers exploited validator control to approve fraudulent transactions. The incident led to an estimated combined loss of roughly $4 million in various cryptocurrencies.
| COINOTAG recommends • Traders club |
| ⚡ Futures with discipline |
| Defined R:R, pre‑set invalidation, execution checklists. |
| 👉 Join the club → |
| COINOTAG recommends • Traders club |
| 🎯 Spot strategies that compound |
| Momentum & accumulation frameworks managed with clear risk. |
| 👉 Get access → |
| COINOTAG recommends • Traders club |
| 🏛️ APEX tier for serious traders |
| Deep dives, analyst Q&A, and accountability sprints. |
| 👉 Explore APEX → |
| COINOTAG recommends • Traders club |
| 📈 Real‑time market structure |
| Key levels, liquidity zones, and actionable context. |
| 👉 Join now → |
| COINOTAG recommends • Traders club |
| 🔔 Smart alerts, not noise |
| Context‑rich notifications tied to plans and risk—never hype. |
| 👉 Get access → |
| COINOTAG recommends • Traders club |
| 🤝 Peer review & coaching |
| Hands‑on feedback that sharpens execution and risk control. |
| 👉 Join the club → |
Attackers reportedly borrowed BONE to obtain majority influence over validator-related keys, allowing them to authorize unauthorized transfers. In a separate but related loss, the K9 Finance DAO project reported approximately $700,000 in KNINE token theft from addresses the attackers controlled.
To address the KNINE theft, the project has announced a final bounty aimed at recovering stolen tokens from identified attacker-controlled addresses. Recovery efforts combine on-chain tracing, community reporting, and coordination among protocol teams. No external links are provided here; relevant reporting and statements are available from public sources including COINOTAG and official Shibarium communications (plain text references).
Frequently Asked Questions
How long are BONE withdrawals delayed after the Plasma Bridge update?
All BONE withdrawals now include a mandatory seven-day delay before finalization. This buffer is designed to allow security teams to investigate suspicious transactions. During this period withdrawals are pending and cannot be completed until the delay expires or the transfer is cleared.
Can I move BONE between Shibarium and Ethereum now?
Yes. The Plasma Bridge has been restored with enhanced protections. Users can initiate transfers, but should expect the new seven-day withdrawal delay for outbound BONE and potential address-blocking controls if an address is flagged for suspicious activity.
| COINOTAG recommends • Exchange signup |
| 📈 Clear control for futures |
| Sizing, stops, and scenario planning tools. |
| 👉 Open futures account → |
| COINOTAG recommends • Exchange signup |
| 🧩 Structure your futures trades |
| Define entries & exits with advanced orders. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| 🛡️ Control volatility |
| Automate alerts and manage positions with discipline. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ⚙️ Execution you can rely on |
| Fast routing and meaningful depth insights. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📒 Plan. Execute. Review. |
| Frameworks for consistent decision‑making. |
| 👉 Join now → |
| COINOTAG recommends • Exchange signup |
| 🧩 Choose clarity over complexity |
| Actionable, pro‑grade tools—no fluff. |
| 👉 Open account → |
Key Takeaways
- Security-first relaunch: The Plasma Bridge returned with address-blocking and a seven-day delay to reduce exploitation risk.
- Measured tradeoff: Improved protections increase withdrawal finalization times, prioritizing asset safety over transaction speed.
- Active recovery efforts: On-chain tracing and a bounty target recovery of KNINE tokens and remediation of a ~ $4M loss reported after the incident.
Conclusion
The Plasma Bridge upgrade restores cross-chain transfers for BONE with a clear emphasis on security: address controls and a seven-day withdrawal delay are the cornerstone changes intended to prevent rapid exploitation. Recovery and bounty efforts continue for assets lost in the earlier incident. For ongoing coverage and official updates, follow COINOTAG. Published: 2025-10-14. Updated: 2025-10-14.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
Source: https://en.coinotag.com/bone-plasma-bridge-reopens-with-address-blocking-and-seven-day-withdrawal-delay-bounty-could-aid-knine-recovery/
