After Shiba Inu's Layer2 network Shibarium went live on the mainnet yesterday, a large amount of funds were stuck in Shibarium's cross-chain bridge and could not be transferred to the account. In response to this, Shiba Inu developer Shytoshi Kusama issued a statement saying that there was no problem with the cross-chain bridge and user funds were safe.

A screenshot widely circulated in the crypto community shows that Shytoshi Kusama admitted that cross-chain funds could not be restored. But the developer said in the article, "Let's solve the FUD. There is no cross-chain bridge problem. Any screenshots you see of me saying there is a problem are fake. Your funds are safe." Regarding the stuck funds, Shytoshi Kusama said, "Our technical difficulties are not Shibarium's problems, but caused by the influx of transactions and users at the same time as we announced the official launch of Shibarium. Our team has been working tirelessly to expand capacity."

Another developer, Kaal Dhairya, also explained the network problem, saying that the team found during the investigation that there were thousands of contract creations and ordinary transactions in a Shibarium block, causing the Shibarium system to enter failsafe mode and stop running to ensure the safety of funds. "We have identified multiple possible action plans and will update them as we execute the blockchain upgrade plan." In addition, Kaal Dhairya added, "We insist that the funds stuck on the cross-chain bridge are safe, so we chose to "insure" the entire $2 million in case there are any problems after Shibarium restarts."

Related: $SHIB, $BONE, and $LEASH token prices drop significantly due to Shibarium network technical failure

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