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ShibTorch's SHIB burn route closed after Shibarium bridge exploit, but community burns continue.

Protocol Fundamentals
22 Oct 2026
Tokenpost
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Neutral
ShibTorch's SHIB burn route closed after Shibarium bridge exploit, but community burns continue.

ShibTorch's mechanism for burning Shiba Inu (SHIB) tokens was marked as closed following a bridge exploit on the Shibarium network on September 12, 2025. This exploit led to restrictions, including the closure of the SHIB lane on the Shibarium bridge, halting ShibTorch's ability to complete burns that rely on this bridge. Despite this, a separate community portal continues to facilitate SHIB burns, with recent transactions totaling millions of SHIB tokens. Overall, the ecosystem has burned over 69 billion SHIB tokens through various methods, highlighting ongoing efforts to reduce supply despite technical setbacks.

ShibTorch's SHIB burn route status is the subject, with Pluang market data providing context for readers. As of Oct 23, 2026 09:02 WIB, only 6 of 50 major cryptocurrencies on Pluang rose while 43 fell. Among notable movers, FIL was priced at Rp17.798 with a 1-day change of -4.93%, AXS at Rp18.084 down 4.58%, and COMP at Rp444.124 down 4.55%.

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