{"id":138335,"date":"2023-09-02T04:01:07","date_gmt":"2023-09-01T22:31:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=138335"},"modified":"2023-09-02T04:01:07","modified_gmt":"2023-09-01T22:31:07","slug":"1-7m-of-ethereum-stuck-in-shib-layer-2-network-shibarium-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/1-7m-of-ethereum-stuck-in-shib-layer-2-network-shibarium-crypto-news\/","title":{"rendered":"$1.7M of Ethereum ‘Stuck’ in SHIB Layer-2 Network Shibarium – Crypto News"},"content":{"rendered":"
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Shiba Inu<\/a>‘s much-hype layer-2 network Shibarium is off to a rocky start after encountering serious issues just a day after its launch<\/a>.<\/p>\n

Examining the network’s bridge contract<\/a>, which ports funds from Ethereum<\/a><\/span> to the layer-2 solution, approximately $1.7 million worth of Ethereum<\/a> is currently stuck between the two networks.<\/p>\n

Beosin, a blockchain security team, confirmed that the funds are locked. As a precautionary measure, they have recommended users temporarily stop using Shibarium.<\/p>\n

Additionally, $762,000 worth of BONE, a Shibarium governance token, was sent to the contract, as highlighted<\/a> by blockchain sleuth ZachXBT.<\/p>\n

At the time of this writing, no new transactions have been confirmed on the Shibarium chain for over three hours, blockchain data<\/a> shows.<\/p>\n

Other users pointed<\/a> out issues with the RPC (remote procedure call) system, which allows access to a network\u2019s server node to communicate with the blockchain.<\/p>\n

The Shibarium team so far has been staying silent on the matter. It did not immediately respond to Decrypt<\/i>‘s request for comment.<\/p>\n

A moderator in Shibarium\u2019s Discord shared that \u201cas a precautionary measure,\u201d admins \u201chave temporarily restricted access to certain channels due to the spread of misinformation and fake websites.\u201d<\/p>\n

\u201cTo regain access and participate in discussions, please connect your wallet. You’ll then be able to engage with the important announcements mentioned above,\u201d reads the post.<\/p>\n

Amid the reported glitches, the price of the Shiba Inu (SHIB) plunged to a weekly low of $0.00000902 earlier on Thursday, currently trading at $0.00000911, or down 8% on the day, according to CoinGecko<\/a>.<\/p>\n

SHIB\u2019s associated tokens BONE and LEASH are down 20%<\/a> and 22%<\/a>, respectively.<\/p>\n

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<\/p>\n

Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu‘s much-hype layer-2 network Shibarium is off to a rocky start after encountering serious issues just a day after its launch. Examining the network’s bridge contract, which ports funds from Ethereum to the layer-2 solution, approximately $1.7 million worth of Ethereum is currently stuck between the two networks. Beosin, a blockchain security team, confirmed […]<\/p>\n","protected":false},"author":2,"featured_media":138336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-138335","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138335"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138335\/revisions"}],"predecessor-version":[{"id":148119,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138335\/revisions\/148119"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138336"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}