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News$SHIB, $BONE, $LEASH Tokens Plunge Due to Shibarium Network Technical Error

$SHIB, $BONE, $LEASH Tokens Plunge Due to Shibarium Network Technical Error

Aug 17,2023,07:42

Shiba Inu and related-token prices plunged since Shibarium's launch, while news of a significant technical error in the new Shibarium network has been spread.

According to screenshots of an internal Telegram conversation between Shibarium developers, lead developer Shytoshi said the team was unable to recover assets bridged to the Shibarium network. Crypto detective ZachXBT said he had not yet confirmed whether or not assets were truly lost, but noted that the RPC (a node running the key blockchain client software) was no longer functional and described the block explorer Shibarium Scan as "awful".

Community members believe this could indicate a flawed bridge, with the total sum of locked funds amounting to nearly $2.46 million, including $1.7 million worth of $ETH and an additional $762,000 worth of Shibarium governance tokens $BONE.

According to the Shibarium Scan block browser, the last block was added 2 hours ago. The Shibarium RPC website is currently unavailable.

According to TokenInsight data, the Shiba Inu ($SHIB) price has dropped by 7.27% in 24 hours. The price of Bone ($BONE) is down 12.14% in 24 hours. The Doge Killer ($LEASH) price has fallen 18.38% in 24 hours.

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