A participant in the Shiba Inu cryptocurrency community, known by the pseudonym Digarch, speculated that the delay in token destruction was related to an attack on Ledger's hardware cryptocurrency wallet software.
The Shiba Inu startup team had previously promised to destroy over $1 million worth of SHIB coins from December 14 to 16. However, this promise was not fulfilled, leading to dissatisfaction among owners of this meme cryptocurrency, inspired by the famous "Doge" meme. Particularly infuriating was the silence of team members who did not provide explanations regarding the postponement of the asset destruction process.
Digarch posted a message from a Shiba Inu team member known as DaVinci, stating that the token destruction would still take place as originally planned. Digarch believes that the delay was due to security concerns.
The attack on Ledger's library posed a potential threat to decentralized applications, prompting representatives of Shiba Inu to take precautionary measures.
On December 16, the lead developer of Shiba Inu, Shitoshi Kusama, confirmed that several billion SHIB tokens would be destroyed, but the specific date of this event was not announced. Kusama urged community members not to wait indefinitely and instead actively engage in promoting the cryptocurrency and blockchain technology.
