Shiba Inu Community Warned of Malicious Projects Impersonating Shibarium
LUCIE, the Marketing Strategist of Shibarium and an official from Shiba Inu, recently alerted the community about fraudulent projects using the name of the memecoin and its newly launched layer-2 blockchain solution. In a retweet, LUCIE emphasized the importance of conducting proper due diligence before joining SHIB’s ecosystem to avoid falling victim to fraudsters.
According to a statement by Shiba Inu developer Kaal Dharyia, ShibaSwap is the only official decentralized exchange of Shibarium. Dharyia warned that other projects claiming to be official are likely scams. He also pointed out that some individuals include SHIB’s symbol and contacts unethically to generate personal gains.
Multiple warnings have been issued by the Shiba Inu developers regarding potential scams associated with the memecoin project. Recently, there has been an incident where Pawswap project impersonators targeted the community, spreading fake news to undermine Shibarium and its users.
Hot Take: Protect Yourself from Scammers!
As the popularity of cryptocurrencies continues to rise, so does the number of scams and fraudulent projects. It is crucial to exercise caution and conduct thorough research before investing or getting involved with any crypto project. Always verify the official channels and platforms associated with the project and be wary of anyone claiming to represent the project without proper authorization. Protecting yourself from scammers requires diligence and skepticism. Stay informed, stay vigilant, and protect your investments!
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