Shibarium: User funds are safe, large transactions and user influx caused interruption, will restart after scaling up

2023/08/17 13:20

On August 17th, Shibarium, the Layer2 solution for Shiba Inu, responded to user funds being locked in a cross-chain bridge issue. They stated that user funds are safe and the screenshot regarding Shibarium's bridging issue is fake. The technical difficulty is not Shibarium's problem but caused by a large influx of trades and users upon Shibarium's official launch. The team is working with Unification and other teams to scale up and relaunch. Earlier today, Shibarium officially launched, but shortly after, Beosin reported that transactions on Shibarium were stuck in a pending state. Currently, $1.7 million worth of ETH is locked in the Shibarium cross-chain bridge, and users are advised to temporarily stop using Shibarium.
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