The SHIB community witnessed the long-anticipated release of billions of Shiba Inu tokens from the control of the now-defunct crypto broker Voyager in an unexpected turn of events. A sudden burst of SHIB tokens streamed out of Voyager’s once-bloated wallet as the upcoming launch of Shibarium loomed in the distance, marking the conclusion of a nine-month-long odyssey.
Shiba Inu tokens worth tens of millions of dollars formerly weighed down the empty wallet, which at some point let go of the cryptocurrency. The anticipated settlement, however, did not go quite as planned. The Voyager wallet was refilled with an astounding 3.13 trillion SHIB forks from the Pulsechain network instead of regular SHIB coins.
Pulsechain, Heart and Ethereum
Richard Heart, the inventor of HEX, came up with the idea for Pulsechain, which uses a novel consensus technique called proof of staked authority (PoSA). This initiative, which was started together with the forking of the Ethereum network, allowed all ERC token holders to receive a worldwide airdrop of Pulsechain-based tokens early this year.
To cut a long tale short, regulatory officials had Heart and his businesses in their crosshairs. Due to the U.S. SEC’s strong involvement in Heart’s operations, a number of accusations about the trading of unregistered stocks and possible user money misuse have been made.
The staggering $315,000 worth of the billions of Pulsechain-based SHIB tokens stored in Voyager’s repository is current. This flood of assets, notwithstanding the deviation from authentic Shiba Inu tokens, finally prevented the tale from continuing and undoubtedly left a residue.
