After Shibarium, Shiba Inu's Layer2 network, went live on the mainnet yesterday, a large number of funds were stuck in the Shiabrium bridge when bridging and didn't arrive. Shiba Inu developer Shytoshi Kusama published an article regarding the situation, saying that the bridge has no issues and users' funds are safe.
According to a screenshot shared within the crypto community, Shytoshi Kusama admitted that the bridged assets couldn't be recovered. But the developer clarified in the article, "Let's deal with the fud. There is no bridge issue, any screenshot you see of me saying any issue is false and your funds are safu." About the stuck funds, Shytoshi Kusama said, "Our technical difficulty is not an issue of Shibarium, but instead, from the massive influx of transactions and users that happened at the same time when we announced that Shibarium is live. Our team has been working tirelessly to scale."
Another developer, Kaal Dhairya, also explained the issues, saying that when investigating, the team found "thousands upon thousands of contract creation and normal transactions in one block", which made the Shiabrium system go into a fail safe mode and stop to ensure the funds were safe. "We have identified multiple possible plans of action, and will keep you updated as we execute to bring up the blockchain," Kaal Dhairya added, "We stand by the statement that the funds 'paused' in the bridge are safu and as a result have chosen to 'insure' the entire amount of $2 Million dollars in case there is any issue after Shibarium is restarted."
Related: $SHIB, $BONE, $LEASH Tokens Plunge Due to Shibarium Network Technical Error
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