Breaking: Shiba Inu Developer Admits Blunder With Shibarium Beta Chain ID

Serious allegations are raised in the official Shiba Inu Discord channel against the Shibarium Beta chain forked from Rinia chain as it uses the same chain ID. Moderators on the Discord channel said anyone interacting with the Shibarium chain would actually be interacting with the Rinia chain as wallets and other application uses chain ID to determine which network to send transactions to.

Top-ranked community members accused Shibarium testnet of taking Rinia testnet genesis file and changing the name, but forgot to change the chain ID. Trophias, another former developer of Shiba Inu, accused the metaverse team of buying assets without modification. He asserts the team consisting of Beysed, Milkshake, UB, Stix, and Firstword has no knowledge and accuses Shytoshi Kusama of firing the previous developers.

Shiba Inu developer Kaal Dhairya took to Twitter to calm the FUD surrounding the chain ID of Shibarium Beta. He revealed that a few chain IDs were selected randomly during the Alpha network deployment — 417 (Alpha), 517(Staging), 917(pre-pod/beta).

Kaal Dhairya claims these chains were not registered at that time and he made a mistake “to not recheck when the PuppyNet network was launched.” He will redeploy a new version of the Shibarium Beta network with a new chain ID, which will take a week. Moreover, he said there will be many changes as it’s still in the Beta phase and hopes for a better Shibarium Layer-2 blockchain.

Meanwhile, crypto influencer Ben Armstrong or BitBoy threatens to dox the identity of Ryoshi, founder of Shiba Inu, this week. He claims former FTX CEO Sam Bankman-Fried was once involved after Shiba Inu co-founders split. The main co-founder worked with Sam Bankman-Fried on the project, with sufficient evidence supporting it.

SHIB and BONE Price Tumble After Shibarium Beta Chain ID

Shiba Inu (SHIB) and Bone ShibaSwap (BONE) prices tumbled after moderators accused Shibarium Beta of a ripped chain from Rinia.

SHIB price fell 8% in the last 24 hours, with the price currently trading at $0.0000104. The 24-hour low and high are $0.0000102 and $0.0000113, respectively.

Meanwhile, Shibarium’s gas token BONE fell 23% to $1.12, with the price currently trading at $1.19. The trading volume is rising rapidly, hitting almost 300% in the last 24 hours.

Also Read: Stop Weaponizing Banks to Purge Legal Crypto Activity, Congressman Tells FDIC

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.