The Shibarium Trustwatch team has been actively combating scams within the Shiba Inu community, issuing critical warnings earlier this year. Their efforts aim to protect investors from fraudulent activities that have been proliferating online, and based on the data provided in the document, it is clear that these measures are essential for maintaining the integrity of the community.
Scammers Create Fake Profiles on X
In their reports, the Trustwatch team highlighted that scammers have been creating fake profiles on X (formerly Twitter), masquerading as supporters of the Shiba Inu project while promoting unrelated tokens. This deceptive practice has raised concerns among community members, prompting the team to take action.
Clarification on LEASH Token Misinformation
Furthermore, the Trustwatch team addressed misinformation regarding the Shiba Inu-associated meme coin LEASH. They clarified that LEASH remains an ERC-20 token and is not available on the Solana network, countering social media claims that suggested otherwise. These proactive measures have been instrumental in raising awareness about the risks posed by scammers and the spread of false information within the Shiba Inu community.
In a recent development, Solana's treasury announced a special dividend aimed at enhancing its blockchain initiatives, contrasting with the Shibarium Trustwatch team's efforts to combat scams in the Shiba Inu community. For more details, see read more.
