Shiba Inu (SHIB) plunged over 10% to tap $0.00001043 late Wednesday after concerns over the upcoming Shibarium layer 2 network surfaced.
As ZyCrypto reported, Shibarium’s beta version testnet launched last week, allowing users to evaluate and give feedback on issues that need to be resolved before the final release. However, despite the launch bringing the much-awaited Shibarium network closer to launch, SHIB supporters seem to have been put off by claims of misconduct by the network’s developers.
On Wednesday, a developer known as “Steve” alleged that the Shibarium developers had stolen the source code of a project known as “Renia” but forgot to change the chain ID, sparking widespread rebuke by the community.
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