Lead Shiba Inu Developer Denounces Spread of FUD As Crypto Project Launches Shibarium in Beta Form

The lead developer of Shiba Inu (SHIB) is denouncing the spread of fear, doubt, and uncertainty (FUD) as the crypto project launches the testnet of Shibarium, its new layer-2 project.

In a new blog post, pseudonymous SHIB developer Shytoshi Kusama aims to debunk a rumor allegedly started by a competitor that Shiba Inu creator Ryoshi is in fact Sam Bankman-Fried, the disgraced founder of bankrupt crypto exchange FTX.

Citing two pieces of “meme evidence” – his love of professional wrestling and his disdain for centralized exchange networks – Shytoshi says it’s not possible for Ryoshi to be Bankman-Fried.

“The biggest FUD and FUDDER goes to a dude making a competing product trying to convince you that [Sam Bankman-Fried] is Ryoshi. Now that the team, and everyone that ever saw Ryoshi post is done laughing, let’s give two pieces of meme evidence that this is not the case.

Ryoshi was a big fan of wrestling. WWF wrestling to be specific. He chose Gifs of people like Macho Man Randy Savage and Ric Flair! At one point we even considered getting Ric Flair for a Shib commercial. [Bankman-Fried] wasn’t even BORN at this time. So how could he even know how to step into a Slim Jim?
More importantly, Ryoshi, as seen in his posts, was NOT a fan of centralized exchanges (CEX) and would NEVER have run one himself. Do better fudders, do better.

So, as we continue forward, and our former, and new frens attempt to attack the army, produce new FUD, and even YOUR projects… stay strong. We are building for a better future. WOO!”

The highly anticipated Shibarium project launched in its beta form last week. Its testnet, called “Puppynet,” does not support real crypto tokens yet, but the development team says once the beta is finished, the platform will create a new ecosystem where tokens can be swapped using the digital asset ShibaSwap (BONE) to pay for gas fees.

SHIB is moving for $0.000011 at time of writing, a 2% gain on the day.

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Featured Image: Shutterstock/AlexRoz/Nikelser Kate/WindAwake