The latest Shibarium Layer 2 scandal has attracted negative attention to Shiba Inu (SHIB) and the $BONE ecosystem. With the Shibarium layer 2 developers accused of source code copyright infringement, investors have been fleeing the networks at an unprecedented rate.
In the past 24 hours, the value of $BONE has declined over 15 percent to trade around $1.29 today. On the other hand, Shiba Inu (SHIB) and $LEASH prices have dropped approximately 8 and 12 percent in the past 24 hours, respectively.
Shibarium L2 Costly Mistake
After hyping the Shibarium layer 2 launches for the past few weeks, the lead developers are accused of doing shoddy work by copying the Rinia testnet genesis file and not changing the chain ID.
Meanwhile, ShibaSwap developer Kaal has indicated that there was a mistake in not rechecking the chain ID.
“Dispelling some FUD ever since we did the Alpha network deployment, few chain IDs were picked randomly- 417(Alpha), 517(Staging), 917(pre-pod/beta) and these chain were not registered anywhere at that time, I made a mistake not to recheck when the puppynet network was launched,” Kaal noted.
Forward, the Shib developers have announced a redeployment of a new chain with a different ID.
BitBoy Dox Kusama
Following the severe misdemeanor, famous YouTuber BitBoy has vowed to reveal the real identity of Shiba Inu’s lead developer Shytoshi Kusama. While accusations are that the real identity of Kusama is SBF, BitBoy indicated that Sam was only involved in early developments.
The revelations of Kusama’s identity could have severe implications for the ShibaSwap ecosystem and its entire collection of coins.