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Cautionary Notice on Fraudulent Activities in the Shibarium Community

Jun 3, 2024

The team associated with Shiba Inu has issued a warning regarding the rise in fraudulent activities targeting the Shibarium platform. Digarch, a prominent figure within the Shiba Inu community, highlighted the critical importance of being vigilant. DaVinci, another team member, outlined the various deceptive tactics employed by scammers, such as falsely claiming links to Shiba developers and the future of Shibarium. These scammers exploit the Shiba State and Canine code, utilizing the official Shiba website, shib.io, to establish false credibility. It is essential to exercise caution and informed decision-making, as any tokens claiming association with Shibarium are deemed fraudulent. The team is actively working to uncover and prevent such fraudulent schemes, advising community members to avoid engaging in such activities. DaVinci emphasized the necessity of carefully evaluating new projects and advised against blindly following influencers within the Shibarium space. Additionally, he cautioned against leaders who exhibit a track record of failure in one project and then initiate another, urging responsible investment practices in the cryptocurrency realm. Last month, Kabosu, the Shiba Inu linked to Dogecoin and the Dog meme, passed away quietly, eliciting a significant response from the crypto community.

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