Shiba Inu marketing team member Lucie has assured that the developers are working on resolving issues faced by investors, with Kusama noting the setback did not come from Shibarium.
Amid concerns emanating from the issues faced by investors, Lucie, a Shiba Inu marketing team member, has assured the community that the developers are working on the hurdle.
Shiba Inu lead Shytoshi Kusama also addressed the issue, noting that it came from a massive influx of users and not a problem with Shibarium.
Lucie emphasized the Shiba Inu team’s commitment to resolving the issue. She dismissed a fraudulent screenshot of Shytoshi Kusama’s alleged admission of guilt and affirmed that the developers were actively working on a solution.
I would post my chat, but we weren't very polite.
It's a lie and a malicious attempt to harm the Shiba Ecosystem.
Whoever talks to Shy, KNOWS THAT’S not how he talks..Devs are working on it. – we will update you
Docs are coming too. pic.twitter.com/3ZFmGGcJ70— ????? | Summer of Shibarium (@LucieSHIB) August 17, 2023
Heated Discord
Lucie’s disclosure came on the back of a heated argument with individuals she believes are looking to FUD the Shibarium project. She took to X to address the spread of manipulated images and misinformation surrounding the bridge issue.
? Posting photoshopped screenshots with the intent to deceive could potentially lead to legal consequences. Spreading manipulated images might violate laws related to misrepresentation and privacy.
Remember, accuracy and honesty matter.
Please report these people, thank you
— ????? | Summer of Shibarium (@LucieSHIB) August 17, 2023
Lucie emphasized the importance of accuracy and honesty, warning that spreading such false content could lead to legal consequences.
Her message was directed towards individuals who had shared screenshots depicting the Shiba Inu lead developer, Shytoshi Kusama, admitting to mistakes with Shibarium and saying the funds are irrecoverable. Lucie vehemently noted that the screenshot was fake.
Further discord unfolded on the Shibarium Discord server, with Lucie suggesting that certain users were buying BONE tokens to continue spreading FUD in the server. She suggested raising the entry threshold to deter unwanted engagement.
On-chain Experts Chime In
Amidst the controversy, CryptoLeadDev, a respected software engineer and blockchain developer, shared insights on Twitter regarding the issue. According to him, the setback is not a big issue.
1/ Why I dont think the #Shibarium $BONE $SHIB $ETH bridge issue is really a big issue… because the devs should be able to recover the tokens… here is why: pic.twitter.com/9bxjM7hwEO
— CryptoLeadDev (@CryptoLeadDev) August 17, 2023
Based on his experience, he explained that many bridges have a safeguard mechanism called a “vault,” which allows developers to manually access and move tokens in case of complications.
Citing this mechanism, he expressed optimism that the developers could resolve the situation with manual intervention. This would only be necessary if the issue came from the bridge’s contract.
In addition, a pseudonymous investor, Hopium Collector, joined the conversation on Discord, revealing that the Shibarium bridge contract was upgradeable.
This observation aimed to reassure the community that the technical glitch could be addressed through upgrades. An investigation by The Crypto Basic showed that the smart contract was indeed upgradeable.
An upgradeable contract allows developers to modify the contract’s functionality to fix issues without disrupting its main operations. This implies that, if there’s an issue with the bridge, the developers could fix it by simply deploying an upgraded contract.
No Issue with Shibarium
Amid these inputs, Shytoshi Kusama recently commented on the development, noting that the issue was not from Shibarium nor the Shibarium bridge.
The developer emphasized that the problem emanated from a massive influx of users, stressing that the team did not anticipate this level of adoption. Kusama noted that they are currently trying to scale the system.
Recall that the recent issue came to the limelight earlier today amid escalating reports. The Crypto Basic confirmed that up to $1.7 million worth of ETH remained stuck in the contract. This figure has so far increased to $1.8 million.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
