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HomeCrypto NewsShiba Inu Lead Developer Denies Links to Shibarium DEX Project

Shiba Inu Lead Developer Denies Links to Shibarium DEX Project


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It comes after influencers tried to connect the developer to PAW token purchases.

Shiba Inu lead developer Shytoshi Kusama has denied having anything to do with Pawswap, a proposed Shibarium decentralized exchange (DEX). 

The developer made this known in a tweet yesterday, asserting that claims to the contrary are false. According to the developer, he does not own a single PAW token, adding that the community should be wary of “wolves in Shib’s clothing.”

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“I have nothing at all to do with Paw  token and own not even one,” Kusama wrote. “Anything you hear contrary is a lie. Be careful Shibarmy, many wolves in Shib’s clothing.”

Notably, this PAW token for Pawswap is separate from the one that PawZone, a team also building apps for the Shibarium protocol, is planning to launch, as The Crypto Basic reported.

Kusama’s statements come after influencers promoting the project had linked an address associated with Kusama to two PAW token purchases in January. It consequently sparked speculation that the de-facto Shiba Inu leader backed the project. Notably, Kusama did share the address in question in a tweet from Feb. 12, 2021.

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In response, the team behind the project asserted that they never said they were Shytoshi. Instead, claiming that they are Ryoshi as if to say they do not regard him as the community leader, mentioning the pseudonym of the original Shiba Inu creator.

Meanwhile, influencers have shared Kusama’s Telegram messages, clarifying that he is not saying that the project is fraudulent but that he has nothing to do with it.

At the time of writing, PAW is trading for $0.083148, down 36.9% in the last 24 hours per DEXTools data.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Okoya David
Okoya David
Okoya David Kio is a crypto enthusiast passionate about understanding what makes the nascent market tick. When he's not pondering about cryptocurrencies, you might find him in a BP debate room trying to proffer solutions to age-old societal problems.

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