Shiba Inu’s Shytoshi Kusama announces $2 million insurance policy for Ethereum, BONE paused on Shibarium
The Shiba Inu community is reeling from the aftermath of 1,000 Ethereum and nearly 600,000 BONE being stuck on Shibarium following the Layer 2 chain’s mainnet launch on Wednesday. The tumultuous event resulted in a sharp decline in SHIB price and raised concerns in the Shiba Inu community.
SHIB’s lead developer, Shytoshi Kusama, announced a $2 million insurance policy that covers the Ethereum and BONE tokens that are currently inaccessible for users. Kusama has repeatedly assured the community that the funds are safe and the team is working on multiple plans of action to revive the blockchain and take it live once again.
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