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HomeCrypto NewsMarketShiba Inu: Kusama Denies Affiliation With Tokens Using His Name, Says Shibarium Has no Official Token

Shiba Inu: Kusama Denies Affiliation With Tokens Using His Name, Says Shibarium Has no Official Token


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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.


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.

However, Kusama denied having anything to do with the PAW token. 

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.

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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.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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