Shiba Inu’s chief creator, Shytoshi Kusama, has been aggressively combating a surge of rumours and con games aimed at the meme coin’s investors.
Kusama has exposed a fraud involving the introduction of fresh tokens within the Shiba Inu ecosystem, called as SHIB.
According to a tweet, the new tokens, TREAT and SHI, will soon be released as a part of the “Summer of Shibarium” promotion.
Kusama quickly disregarded the information as incorrect and issued a warning to the neighbourhood not to fall for the obvious hoax.
Following Shiba Inu’s “Summer of Shibarium” promotion, which has aroused a lot of interest among cryptocurrency aficionados, this occurrence is only one of many frauds.
A number of interesting releases are part of this strategic drive, which will come to a head with the introduction of Shibarium, the project’s Layer 2 blockchain, later this August. The market interest in SHIB and other related tokens has already significantly increased as a result of this action.
Despite the genuine enthusiasm for the “Summer of Shibarium” campaign, the Shiba Inu community has been warned to be on the lookout for scams.
Shibarmy Scam Alerts’ Twitter account issued a number of warnings about sharing dubious links and phoney help accounts.
Due to the prevalence of scams, Kusama has consistently promoted investor education and attentiveness as ways to avoid them. Market players are asked to temper their excitement with care as the “Summer of Shibarium” promotion ramps up and the introduction of Shibarium draws closer. Despite the potential and hazards associated with the cryptocurrency market, it is essential for investors to carefully consider all available information before taking any action.
