Kusama issues fresh warnings to keep Shiba Inu enthusiasts safe.
Shytoshi Kusama, the lead developer of Shiba Inu, has warned SHIB community members to tread carefully.
In a tweet yesterday, Kusama said he has no affiliations with any cryptocurrency using his name unlawfully. He also urged the Shiba Inu community members to research these malicious cryptocurrencies extensively to avoid falling prey to scammers.
“I am not affiliated with any token using my name or likeness unlawfully. DYOR and don’t get scammed,” said Kusama.
No Official Shibarium Token
In a similar development, Kusama stressed that Shiba Inu’s layer-2 network Shibarium does not have an official token. He added that any token claiming to be the official token of the L2 blockchain is nothing but “super sus” (suspect).
“Likewise, there is no (official) Shibarium token,” he adds.
I am not affiliated with any token using my name or likeness unlawfully. DYOR and don't get scammed. Likewise there is no (official) Shibarium token; Shibarium is an L2 blockchain so any you see are super sus. Need I go on #SHIBARMY ?
— Shytoshi Kusama™ (@ShytoshiKusama) April 16, 2023
Not New
The Shiba Inu lead developer has always been vocal about prevailing scam tactics targeting the 15th-largest cryptocurrency by market capitalization. He usually takes to Twitter to warn community members to protect themselves from getting scammed.
Notably, Kusama has been alleged to be associated with different cryptocurrencies. The most notable was the famous meme coin PAW. As always, Kusama has denied having any personal link with the project.
In February, a Twitter user @Dezaxe shared a link to Etherscan transaction details, showing that a whopping 2 billion Shiba Inu tokens were allegedly sent from Kusama’s wallet to an address containing PAW tokens.
@ShytoshiKusama you sent 2 billion shib to this wallet on Oct-12-2022 02:15:35 PM +UTC and this wallet hold $PAW, here's where the rumors come from, if this isn't your wallet, okay, but please keep the focus on shibarium, we are flute day by the way.https://t.co/1rARaMxY8t
— DEZAXE (@Dezaxe) February 10, 2023
However, Kusama denied having anything to do with the PAW token.
Been getting this question alot: No. I have nothing at all to do with Paw token and own not even one. Anything you hear contrary is a lie. Be careful #Shibarmy, many wolves in Shib's clothing.
— Shytoshi Kusama™ (@ShytoshiKusama) February 10, 2023
Meanwhile, scammers have been trying to take advantage of unsuspecting Shiba Inu enthusiasts by launching illicit tokens posing to be the official token for the L2 network.
As reported in February, scammers created a fake Shibarium token dubbed BLUR. To make the token appear real to investors, these bad actors airdropped the tokens to the addresses of popular crypto stakeholders, including Justin Sun and Coinbase. Leading blockchain analytics company, PeckShieldAlert, revealed the scam.
Despite these claims, the team behind Shiba Inu has maintained that Shibarium has no official token. The L2 blockchain is still in beta, as the community looks forward to the mainnet launch.
Whether the team will officially roll out an official token for the L2 blockchain remains to be seen. At the moment, there is no official Shibarium token. Users must remember that the Shiba Inu ecosystem token BONE is used to pay for gas fees on Shibarium. It is not an official token of the Shibariumblockchain per se.
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.
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