Shiba Inu Community Raises Concerns as Scammers Target Shibarium

Shiba Inu Community Warns of Scam Project Responsible for FUD Attacks on Shibarium Network

The Shiba Inu community has recently raised concerns about a potential scam project that may be behind the fear, uncertainty, and doubt (FUD) attacks on the Shibarium network since its launch on August 16. In a tweet by a member of the Shibarium tech team, known as Digarch, a screenshot was shared showing an admin warning about a scam project set to be deployed on the layer-2 network. The scam project, called “Pawswap,” is believed to be responsible for funding the attacks on Shibarium.

According to the Shibarium tech admin named DaVinci, Pawswap not only funds these attacks but also uses its community to spread FUD about the network. DaVinci revealed that Pawswap had infiltrated the Shibarmy community by posing as Pawzone, a credible project set to launch on the Shibarium network.

As a result of this revelation, DaVinci urged the Shib community to stay safe from Pawswap, which he referred to as a “Scam or Shitcoin,” and emphasized the need to defend the ecosystem from such projects. Digarch clarified that Pawzone, mentioned by DaVinci, was a different project and the team behind the NFT marketplace Pawzaar, which will soon be launching on Shibarium.

Following Digarch’s tweet, another user on the X platform argued that Pawswap was not a scam and pointed out that the project had been certified by Certik, a leading blockchain security firm. Certik awarded a silver KYC badge to Pawswap on September 3, verifying eight core team members and reviewing its token contract.

Despite the certification, it is important for the community to conduct their own research and exercise caution. Shytoshi Kusama, Shibarium’s lead developer, has always emphasized the importance of thorough research in the network’s updates, considering the influx of tokens and projects into the Shibarium ecosystem.

While the legitimacy of Pawswap remains uncertain, it is worth noting that the project plans to launch its decentralized exchange (DEX) on the Shibarium network. This raises questions about why the Pawswap team would seek to undermine Shibarium when it does not benefit them. Additionally, Pawswap has garnered a significant following with over 13,000 followers on its X platform.

As the community navigates these allegations, it is crucial to rely on credible sources and exercise due diligence. The Shiba Inu community remains vigilant in protecting the integrity of the Shibarium network.

– Shiba Inu Whales Warn of Scam Project Responsible for Shibarium Attacks
– Shibarium Admin Warns of Scam Project Responsible for Funding Attacks on Shibarium
– Pawswap Certified by Certik, Inspiring Confidence in the Project’s Legitimacy

❗Follow us on Twitter to get all the latest crypto news as soon as they're out! 🚀

J-S Tremblay
About the author - J-S Tremblay

I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...

View J-S Tremblay website

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top