Shiba Inu Community Warns of Scam Project Responsible for FUD Attacks on Shibarium Network
The Shiba Inu community has raised concerns about a potential scam project that is believed to be behind the fear, uncertainty, and doubt (FUD) attacks on the Shibarium network. A member of the Shibarium tech team, known as Digarch, shared a screenshot of an admin warning about a scam project called “Pawswap” that is supposedly funding these attacks. It is alleged that Pawswap has infiltrated the Shibarmy community by posing as Pawzone, a legitimate project set to launch on the Shibarium network. Digarch clarified that Pawzone is a separate entity and is associated with the NFT marketplace Pawzaar.
Is Pawswap Legitimate?
While one user claimed that Pawswap is not a scam and is certified by Certik, a leading blockchain security firm, further investigation reveals that Certik did indeed award a silver KYC badge to the project. However, it is important to note that the intentions of the Pawswap team remain unclear, considering their plans to launch a decentralized exchange on the Shibarium network. The community is advised to conduct thorough research and exercise caution when dealing with new projects in the Shibarium ecosystem.
Hot Take: Conduct Thorough Research Before Engaging with New Projects
As the Shibarium network continues to attract new tokens and projects, it is crucial for the community to prioritize thorough research before engaging with them. The recent warning about Pawswap highlights the potential risks associated with scam projects that infiltrate legitimate communities and spread FUD. While Certik’s certification may inspire confidence, it is not a guarantee of legitimacy. Shytoshi Kusama, the lead developer of Shibarium, has consistently emphasized the importance of due diligence in navigating the ecosystem. By staying informed and cautious, you can help protect yourself and contribute to a safer crypto community.
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