Recent posts on social media emphasize the significance of Shibarium for the Shiba Inu community and warn of fraudulent activities.
Shibarium is More than a Layer-2
According to the @Shibizens account on X, Shibarium is 'more than a Layer-2.' In their post, they outlined four reasons why the scaling solution is crucial for the SHIB community. It was highlighted that Shibarium serves as the infrastructure capable of supporting a decentralized, community-led future. The protocol is further touted as a tool that ensures scalability and low transaction costs. Shibarium is also believed to support on-chain governance, Decentralized Autonomous Organizations (DAOs), Non-fungible Tokens (NFTs), and real-world use cases. Additionally, it allows developers to create Decentralized Applications (dApps) and smart contracts.
Warning About Scammers
Almost 12 hours before Shibizens' post, another account, @susbarium, linked to the SHIB team, informed the SHIB army how to identify trolls and malicious players on social media. They pointed out that these trolls are always looking for vulnerabilities to exploit. 'Their goal is to provoke and exploit investors when emotions are high,' they stated. Susbarium also shared valuable tips to help crypto investors recognize bad actors and scammers.
User Loses $900k to Scam
In related news, a crypto user reportedly lost $908,551 in USDC due to a wallet-draining attack. On-chain data indicates that the attack resulted from an ERC-20 token approval transaction and likely originated from a phishing website or a fake airdrop. The security platform Scam Sniffer urged users to conduct regular checks on their accounts and revoke old approvals, emphasizing the importance of wallet security.
Discussions surrounding Shibarium highlight its critical role in the Shiba Inu ecosystem while also cautioning the community about scams and unreliable participants.
