The Shiba Inu development team has issued a high-priority warning to SHIB holders regarding rising scams targeting digital assets. Scammers are using expired links to create fake servers.
Scammers Exploit Expired Links and Fake Servers
The Shiba Inu team reported a new wave of scams where fraudsters reclaim expired Discord invite links to host counterfeit servers. These fake platforms mimic the appearance of official project channels, replicating their branding and communication style. Scammers prompt users to 'verify' their accounts by connecting wallets or granting access to harmful dApps. This can lead to the loss of funds, including SHIB tokens and other cryptocurrencies.
Concerns Over Compromised Wallets
Concerns in the community intensified when an X user claimed their 'Shiba Inu: Deployer 1' wallet had been compromised. They alleged that several recent token launches from this address were unauthorized. Developer Kaal Dhairya responded swiftly, clarifying that no part of the Shiba Inu ecosystem is tied to the compromised wallet, but warned that any future tokens from that address are likely scams.
Shibarium Upgrade and Push for Decentralization
Despite the heightened security risks, Shiba Inu continues to advance its technical infrastructure. The team recently rolled out an update to the Shibarium developer hub, offering guidance for operating validator nodes and building on its Ethereum Layer-2 network. This initiative aims to boost decentralization by empowering more developers to participate in network growth. The project is also preparing for a major governance transition with upcoming structured elections.
In light of rising threats, the Shiba Inu team strongly advises holders to verify all project information through official channels. Remaining cautious is the best defense against rapidly evolving crypto scams.
