On August 17th, according to Cointelegraph, screenshots of internal Telegram conversations between Shibarium developers show that Chief Developer Shytoshi Kusama revealed that the team cannot recover assets bridged to the Shibarium network. Cryptocurrency detective ZachXBT stated that he has not yet confirmed whether the assets are truly lost, but pointed out that the RPC (node running key blockchain client software) is no longer operational, and described the Shibarium Scan block explorer as "terrible".

Another screenshot shows a Shibarium user encountering technical issues with the block explorer, stating that they cannot query bridged balances through RPC.In addition, Coingecko data shows that the Shiba Inu (SHIB) token price has dropped by 6.8% in the past 24 hours. The Bone (BONE) token price has dropped by 17.5% in the past 24 hours.