|

Anxiety in SHIB’s official discord on allegations that Shibarium stole code for their chain

  • Serious escalation in the official SHIB discord.
  • Allegations that Shibarium is a ripped chain from Rinia; they forgot to change the chain ID.
  • Moderators claim team manipulation and silencing by Shytoshi Kusama.

There is serious escalation on the SHIB official discord channel after one of the team members claimed that Shibarium is a ripped chain from Rinia. Based on their argument, the chain ID, which ought to be completely unique as it is used by MetaMask and other wallet applications to determine which network to use for transactions, has a different genesis.

Shibarium and Rinia share a single ID

When one network copies the chain ID of another, it becomes a de-service to the first chain because anyone interacting with that chain will interact with the original chain owner. This is the case unless the second chain asks the original chain owner to turn off their nodes.

Reportedly, this is the case between Shibarium and Rinia, with one of the moderators, Trophias, who had expressed interest in being a validator for over 15 months, saying Shibarium is using Rinia’s genesis file.

Rinia has been live and owned that chain ID since February and was planned in December.

Based on Trophias’ argument, while Shibarium changed the name of the genesis file from Rinia, they forgot to change the chain ID.

This explains why users found pre-bought assets on the metaverse, yet Shibarium went live only a few days ago. Nevertheless, Trophias, who is a top-ranked communty member, says that the metaverse team, himself included, was not privy to what is on the shib.io website, with accusations of asset purchases without modification or anything else. He added, “it randomly just appeared as Shiboshis bar.”

The moderator cites Shytoshi Kusama firing the entire metaverse team as the reason for not knowing what was happening. Calling out the management for lack of transparency and communication, he says:

We were left pending, …she [Marcie] told us that we are not fired or removed, yet our access got pulled, and then all the other weird shit started happening.

Further, Trophias also alleges that Shytoshi sent goons to threaten his life and that of his family.

The leak of the discord conversations has provoked different comments on crypto Twitter, with some asking Shytoshi for answers. The keyboard confrontation has also affected investors, with up to $5m worth of BONE unstaked, according to Etherscan data.

Shytoshi has since reacted, although humorously, adding, “so sad to see what so many of my former friends have become for greed.”

In the end, Shytoshi highlighted that there was a new team and new social media platforms committed to building against all Fear, Uncertainty, and Doubt (FUD).

SHIB falls 10% amid code-related drama

Shiba Inu (SHIB) price has fallen 10% in the last 24 hours amid allegations of the stolen Shiberium code. BONE and LEASH have also been affected by the drama, falling more than 10% in the same timeframe. 

Author

Lockridge Okoth

Lockridge is a believer in the transformative power of crypto and the blockchain industry.

More from Lockridge Okoth
Share:

Editor's Picks

Official Trump Price Forecast: TRUMP hits record low amid mounting selling pressure

Official Trump hovers around $1.2500, taking a breather after a 20% drop the previous day. TRUMP token’s decline aligns with Republicans' defeat in the US midterms. Positional buildup in TRUMP derivatives suggests a more bearish bias among traders, while the technical outlook reaffirms the potential for further downside as selling pressure persists.

Ripple and Stellar outlook: XRP and XLM extend recovery as bears lose steam

Ripple and Stellar extend their recovery as bearish pressure begins to ease for both altcoins. XRP trades above $1.30 after breaking above the upper trendline of a falling channel pattern, while XLM holds above $0.168 and approaches resistance at $0.173. Meanwhile, improving derivatives metrics and strengthening momentum indicators hint at a potential for further recovery.

Dogecoin Price Forecast: Rebound gains traction as bulls target key resistance trendline

Dogecoin shows signs of recovery, hovering above $0.0770 after two consecutive days of gains. The meme coin gains traction despite muted appeal from institutional investors and declining Open Interest. The technical outlook for DOGE suggests an upside bias as the recovery gains traction, hinting at a potential bullish breakout of a key resistance trendline on the four-hour chart.

US Democrats plan new Crypto Market Structure bill after midterm wins

House Democrats are reportedly discussing plans to introduce a broader crypto market structure bill in the next Congress, potentially reviving provisions they unsuccessfully sought to include in the Digital Asset Market Clarity Act.

Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.