The Problem With Shiba Inu Blockchain Shiabrium: Where Are the ETH?

The Problem With Shiba Inu Blockchain Shiabrium: Where Are the ETH?

Shiba Inu’s highly anticipated Ethereum Layer 2 Solutions series has begun with the Shiberium problem. There have been no on-chain transactions for the last 6 hours, and therefore block production has stopped.

What will happen to $1.8 million in Ether?

One of the most important issues is what will be the fate of the 1003 pieces of ether locked in the system. It has been observed that $1.8 million worth of Ether is currently suspended on-chain.

Kusama’s Message: “Fuck You”

On the other hand, the rumors about the problems are also increasing as the hours pass. Shiberium’s lead developer and creator of the Shiba Inu, the unnamed Shitoshi Kusama wrote in a Telegram group, “Fuck you. We can’t reach the ether on the bridge. Screenshots have also been shared on social media, but it has not been confirmed whether this message was really sent by Kusama or not.

Users were also blocked from sending messages on the Discord channel after the problems started. In the last 24 hours, the price of Shiba Inu has also decreased by more than 10 percent. Other tokens in the ecosystem, BONE and LEASH, also declined by 15 percent and 25 percent, respectively.

Shiberium was officially unveiled and launched at the Blockchain Futurists Conference in Canada.

Blockchain security firm Biosyn also advised users to temporarily stop using Shiberium.

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