Home » News » Shibarium’s Beta Launch Hits Snag Over Chain ID Plagiarism, SHIB Prices Tumble

Shibarium’s Beta Launch Hits Snag Over Chain ID Plagiarism, SHIB Prices Tumble

  • Significant claims have been leveled in the official Shiba Inu Discord channel against the Shibarium Beta chain forked from Rinia chain as it uses the same chain ID. 
  • Popular cryptocurrency YouTuber Ben Armstrong aka BitBoy has also weighed in on the issue and threatened to reveal Shytoshi Kusama’s real name.

Steve, a prominent participant in the community of Shiba Inu’s Discord server, said that the Shibarium testnet copied the Rinia testnet genesis file and made minor name changes, but failed to alter the chain ID.

Another former Shiba Inu developer, Trophias, charged the metaverse team with purchasing unaltered assets. He claims that Shytoshi Kusama fired the earlier devs and blames it on the team of Beysed, Milkshake, UB, Stix, and Firstword.

Using an ID that already exists is just incompetent as your chain wouldn’t work properly and everyone trying to interact with your chain would instead interact with the other chain. Unless you somehow asked the owner of the other chain to turn their nodes off so you could spin up a node with a copied genesis file.

Steve said in a statement.

The controversy surrounding the alleged code copying highlights the importance of respecting intellectual property rights in the crypto space. As the industry continues to evolve and grow, it is crucial to ensure that creators are credited and compensated for their work.

SHIB developers have yet to address the accusations publicly, but many in the community are calling for an explanation. This incident serves as a reminder that communication and transparency are key to building trust and maintaining investor confidence.

Even so, popular cryptocurrency YouTuber Ben Armstrong aka BitBoy has also weighed in on the issue and threatened to reveal Shytoshi Kusama’s real name as a result of the claimed disclosure. Sam Bankman-Fried, the founder of FTX, is said to have been engaged in the early development of Shiba Inu. BitBoy claims to have proof of this.

Related: Shiba Inu’s Shibarium Prepares for Takeoff with Imminent Beta Launch

Shiba Inu Today

This incident has resulted in a decrease in the price of SHIB, which was already struggling following a recent market downturn. Many investors are now skeptical of SHIB’s developers and the project’s future.

At the time of writing, Shiba Inu is down nearly 9% in the last 24hours with a 391 million trading volume, being one of the most volatile tokens, SHIB has seen larger fluctuations and price swings.

To sum up, the controversy surrounding the suspected code plagiarism by the SHIB developers is a worrying development for project investors. Developers must be held responsible for their acts, and investors must continue to be watchful and cautious in their investments.

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