Shiba Inu Team Assures Devs Are Working on Shibarium Bridge Issues Amid Escalating FUD

Shiba Inu marketing team member Lucie has assured that the developers are working on resolving the Shibarium bridge issues faced by investors.

Amid concerns emanating from the Shibarium bridge issues, 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 bridge 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

— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 17, 2023

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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. 

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. 

Trophias, a former member of the disbanded Shiba Inu Defense Team, dismissed Lucie’s claims, asserting that Shadowcats were not involved in such activities.

Hey @LucieSHIB,

Take your own advice and stop being crazy. Newsflash. The “Shadowcats” are not buying Bone. https://t.co/3e5o2143th

My lawyers are ready to talk if you are wanting to threaten me with legal consequences. https://t.co/tFnF6l6WBi pic.twitter.com/uT1uUxPeF9

— Crypto Fox (@ShibaTrophias) August 17, 2023

The conflict escalated as Trophias warned Lucie against resorting to legal threats and invited her to communicate through their respective legal representatives. 

On-chain Experts Chime In

Amidst the controversy, CryptoLeadDev, a respected software engineer and blockchain developer, shared insights on Twitter regarding the bridge problem. 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. However, he noted that he had not reviewed the Shibarium bridge 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.

The Shibarium Bridge Issue

Shytoshi Kusama recently commented on the development, noting that the issue was not from Shibarium. 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 with the Shibarium bridge 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.

Lucie’s disclosure suggests that the developers are working to address the issue. Notably, technical glitches like this are not uncommon within the crypto space, especially for newly-launched projects. The task rests on the developers to resolve them when they come up.