Analysis Crypto by Thebittimes.Com

A hacker exploited loopholes in the Shiba Inu’s Shibarium network and drained out funds worth $4.1 million. The team, along with K9 Finance, is blocking the hacker from moving the funds to his or her personal account. In a latest update from SHIB, the team confirmed that they have suspended all bridge operations on Shibarium. They have also launched a forensic Analysis to nab the scamster. “We have suspended bridge operations, launched forensic Analysis , & there is a significant loss of user funds on Shibarium. The team has now flagged all transactions and removed access to predicate of CCIP connector in cross chain contract, which initially was suspected as the point of attack. It was unrelated, ” read the tweet from SHIB token. Also Read: Shiba Inu Netflows Crash 70% as Kusama Reaffirms Commitment Shibarium Bridge Exploit Community Update 17/09/2026 The attacker executed a flash loan swap to acquire 4.6M $BONE from Shibaswap & used those to delegate them to Ryoshi ...

With the arrival of the Shiba Inu (SHIB) Layer 2 protocol, Shibarium has added an astronomical 36,000 wallets per day since its launch. Indeed, the new blockchain from the SHIB developers has brought about an influx of new users. Moreover, not only have new addresses increased, but so has the number of transactions. Since the inception of Shibarium , 1,246,666 crypto wallets have been added. Indeed, this means that the protocol is welcoming 36,667 new addresses per 24 hours, according to data from Shibarium Scan as of September. Source: u.today Also Read: Shiba Inu Could Reach $1 by 2024? Here’s a Reality Check Shibarium Drives New Wallets to SHIB Ecosystem Shiba Inu has long been among the most popular meme coin options on the market. Yet, like many similar concepts, the project has sought to expand its utility. Moreover, that has been done with the highly anticipated arrival of the layer 2 protocol, Shibarium . Now, taking a look at the data since its launch, just ...

Shiba Inu’s Shytoshi Kusama Scaling Shibarium By 1500% Shytoshi Kusama in an official blog on August 19 said the team has made significant progress in scaling efforts for the Shibarium network after the chain witnessed massive traffic after it went live. advertisement “Some of you may have noticed that we restarted the blockchain again today and it worked well. However, this was only temporary internal testing. Now, with that stage complete, we are scaling up in multiple ways, testing again, and making it public, said Shytoshi Kusama . The Shiba Inu developer team and affiliates are scaling Shibarium by 1500% to support and manage traffic. It is also working with the decentralized team and validators to scale the server infrastructure by 1500%. He appreciated the ShibArmy for fighting FUD while developers are busy scaling Shibarium and preventing issues. Meanwhile, the L2 chain seems offline again as developers prepare for sync and scaling. ...

Shibarium ’s native testnet , Puppynet, has recently created new records. Towards the end of Q1, the test network processed more than 1 million transactions with the assistance of more than 200k unique wallets. The statistics have ballooned up already. According to press time data from puppyscan. shib .io, the total transactions have crossed the 10 million benchmark, while the wallet addresses have surpassed the 15 million threshold. Specifically, they reflected values of 10.61 million and 15.89 million on Monday, May 22. Furthermore, the average block time, or the time taken to create a new block, stood at 7.4 seconds. At press time, the Puppynet had a total of 933.8k blocks. Source: puppyscan.shib.io Also Read: Shiba Inu: ‘Puppynet’ Processes 1 Million Transactions, Wallets Surpass 200,000 Roughly 11-70 transactions have been taking place on every block. Blocks are data structures or information containers of a blockchain. Over here, transaction-related data are perman...

Popular cryptocurrency payments platform, NOWPayments, has announced a new partnership with Shiba Inu’s (SHIB) Shibarium Tech. The partnership aims to boost adoption for the platform to build on Shibarium . According to an official tweet, NOWPayments has applied for a partnership and has received a positive response from Shiba Inu (SHIB) lead developer, Shytoshi Kusama. The payments platform further added that collectively, they would boost crypto adoption and build on the upcoming layer-2 network. Exciting news, #ShibArmy!NOWPayments is thrilled to collaborate with @ Shibarium tech We've applied for a partnership and got a positive response from @ShytoshiKusama! Together, we'll boost #crypto payment adoption & build on # Shibarium Stay tuned for updates — NOWPayments (@NOWPayments_io) April 12, 2023 The partnership is a positive development for the Shiba Inu (SHIB) ecosystem, and also for Shibarium adoption. Users will have access to a secure payment g...

Shiba Inu (SHIB) is on the verge of launching its layer-2 network, Shibarium . And as such, various platforms are lining up to list tokens for projects that are based on the new layer 2. Following the trend, the known South Korea-based cryptocurrency exchange Gate.io has listed PAW, the native token of PawSwap and a central token in the SHIB ecosystem. $PAW (PAWSWAP) now available on @gate_io ! Read more at: https://t.co/bIMFYNIFxL — Pawswap – The Shibarium DEX (@PawShibarium) February 24, 2023 News of the listing has caused the token to surge. At press time, PAW was trading at $0.000000008744, up 137.2% in the last 24 hours. Moreover, the token has rallied by 210.2% on the weekly charts. Source: CoinGecko However, it should be noted that Gate.io’s announcement mentions that PAW is not yet available to U.S. customers. Other countries where the token is unavailable from Gate.io are Canada, Malaysia, Singapore, Mainland China, Malta, Cuba, Iran, North Korea...