L2 Blockchain Shibarium Halted For Over 4 Hours, $1.7 Million ETH Trapped

The price of Shiba Inu (SHIB) dipped over 8% in the past 24 hours following what on-chain sleuth ZachXBT described as a “sloppy launch”. Transactions on the newly launched Shibarium bridge stopped for at least four hours at the time of writing. On-chain data also showed more than 1000 Ether (ETH) worth $1.7 million stuck in limbo as users bridged crypto to the layer 2 network. Unconfirmed reports claim that developers are unable to recover the trapped ETH. On-chain data