CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
Ethereum World News 2023-08-17 10:24:30

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

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.