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HomeCrypto NewsMarketShiba Inu Identifies A Potential Scam Token That Could Mislead Investors

Shiba Inu Identifies A Potential Scam Token That Could Mislead Investors


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Shiba Inu scam tracking platform said the SHIB development team did not create the UnleashClub token (UNLEASH).

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Shibarmy Scam Alerts (@susbarium) has revealed a potential scam token claiming to be affiliated with the Shiba Inu ecosystem. In a tweet today, Susbarium noted that Shiba Inu has no link with UnleashClub (UNLEASH).

According to the announcement, the handler behind Susbarium asserted that the token was created by Shiba Inu: Deployer1. However, Susbarium clarified that the Shiba Inu development team has no relationship with UNLEASH. Furthermore, Susbarium warned Shiba Inu community members to stay safe. 

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UNLEASH Not Affiliated With Shiba Inu

It is worth noting that UNLEASH has been in existence for months. The token received a widespread promotion in June. Per a June tweet, investors were urged to purchase UNLEAH on Uniswap.

The team behind the token claims on its website that it “dive[s] into the wild world of crypto with the power of memes and AI Wizardry.” 

Meanwhile, the token did not claim to be affiliated with Shiba Inu or its Layer-2 scaling solution Shibarium. 

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Reason Behind the Alert

However, Susbarium believed it was necessary to disassociate the Shiba Inu dev team from the token. Notably, some investors may purchase UNLEASH because Shiba Inu: Deployer1 created it. This could make unsuspecting SHIB enthusiasts believe the Shiba Inu dev team created the token. 

Additionally, some community members could be misled into thinking that UNLEASH is the same as Doge Killer (LEASH), one of the Shiba Inu ecosystem tokens. 

It bears mentioning that the official Shiba Inu team has unveiled four tokens- SHIB, BONE, LEASH, and TREAT. However, TREAT remains unreleased. As reported earlier, Shiba Inu’s lead developer shed light on the functions of these tokens and how they will be used.  

Per Kusama, SHIB will govern the Shiba Inu community, while BONE will power the community’s technology. In addition, LEASH will protect the community, and TREAT will empower the community project. 

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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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