Shiba Inu Team Warns Users of Growing Fraudulent Activities on Platform: Exercise Extreme Caution

The Shiba Inu team has issued a warning to its users regarding the increasing fraudulent activities on its platform, Shibarium. The team, led by key member DaVinci, has urged users to exercise extreme caution in their dealings on the platform due to the growing number of bad actors targeting it.

According to the warning alert shared by a user named Digarch, DaVinci emphasized the need for vigilance in these volatile times. He highlighted the new tactics being employed by fraudsters, who are now launching tokens falsely claiming association with Shiba developers or the future of Shibarium. These malicious actors are even using the official web address of Shiba,, in their promotional materials to deceive users.

DaVinci advised users to be wary of tokens claiming involvement with Treat, as it has not yet been launched. He also cautioned against blindly following influential personalities within the Shibarium ecosystem and recommended assessing projects based on their technical merits, such as scalability, security protocols, and feasibility of roadmaps.

The decentralized nature of Shibaswap poses a challenge in directly banning fraudulent tokens, but the Shiba Inu team has taken a stand against these scams by publicly denouncing them. This proactive approach aims to protect community members from falling victim to fraudulent activities.

The warning serves as a reminder for users to remain cautious and informed when engaging with cryptocurrencies and decentralized platforms. By staying vigilant and conducting thorough research, users can protect themselves from falling prey to fraudulent schemes and make informed investment decisions.