The team behind the newly launched Shibarium mainnet has denied reports of bridge issues and asset losses, stating that screenshots circulating in the crypto community are fake.
In a blog post published on August 17, Shytoshi Kusama, co-founder of the Shiba Inu ecosystem, blamed the massive influx of transactions and user activity for causing technical difficulties in Shibarium, a Layer 2 scaling blockchain for Ethereum launched hours before.
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Sharing data from Alchemy, Kusama said the project is allocated 400 million compute units per month, but experienced 160 million compute units in almost 30 minutes after Shibarium was launched. "While we were expecting a busy time, we never expected this much traffic, instantly," he said, adding:
“Our team has been working tirelessly to scale (even though validators were already autoscaling when we made the announcement) and up the chain again to a point where we can handle the influx of our decentralized nation state.”
Concerns about Shibarium first arose in the cryptocurrency community after screenshots allegedly revealed an internal Telegram conversation between Shibarium developers, indicating that the team was allegedly unable to recover assets bridged to the Shibarium network.
