ShibTorch Burn Portal Stalls: Only 371 of 1,000 BONE Collected
- —ShibTorch needs 1,000 BONE to trigger a burn; only 371.37 has been collected
- —The SHIB bridge route has been closed since the 2025 exploit, with rootchainmanager barred from releasing ERC20s from escrow
- —ShibTorch has burned 69.32 billion SHIB, worth $1.27 million at the time of each burn
- —The shib.io page fails to load because its indexer no longer exists
Why it matters: SHIB burns are a core supply-shrink mechanism; until the bridge and contract are restored, no tokens are being removed from circulation.
Source: U.Today