The Shiba Inu team has issued a warning to coin holders regarding wallet security amid rising fraud incidents.
Fraud with Invite Links
According to the team, attackers are reclaiming expired invite links, setting up counterfeit channels, and urging users to 'verify' their accounts by connecting wallets or authorizing malicious dApps. Once connected, wallets can be drained within minutes.
Updates on Shibarium Developer Hub
Security concerns come as the team upgrades its Shibarium developer hub, offering clearer instructions for running validator nodes and building on its Ethereum Layer-2. The changes aim to broaden developer participation and strengthen decentralization.
Future and Development of the Project
The project is also preparing for a governance overhaul, with structured elections to appoint a lead visionary and DAO council members. While some view this as a step toward becoming a fully decentralized 'digital network state,' others are calling for new leadership, citing dissatisfaction with current project lead Shytoshi Kusama’s communication.
For now, safeguarding wallets remains the community’s top priority — and developers urge holders to verify every link before acting.
