Shibarium, the Shiba Inu blockchain ecosystem, is currently under attack by con artists connected to the Pawswap project, in an unexpected turn of events. A well-known Shiba Inu administrator who goes by the moniker DaVinci in the SHIB forum posted about this finding. These con artists are trying to harm Shibarium and its user base by pretending to be the real initiative PawZone and spreading misleading information.
Shibarium’s devoted community has expressed worries about the issue, which has prompted a response from another powerful member. This participant said that rather than offering financial advice, DaVinci’s comment only conveys a personal viewpoint. However, they highlighted past support for PawZone (PAW) and emphasised support for the other SHIB enthusiast, citing Pawzaar as one of the upcoming features and hailing it as one of the original NFT markets on Shibarium, poised to compete with OpenSea.
Stay safe on Shibarium
Shibarium is now struggling with assets that are locked in the platform that are worth about $801,000, according to the most recent statistics from DefiLlama. Shiba Inu’s protocol had a whopping $1.47 million in total value locked a week ago, although it was a drop from its high. Notably, according to the same source, MARSWAP amounts for $343,920, or 43% of the entire value locked, and is the project with the most money now locked in Shibarium.
As previously noted by U.Today, Shibarium, a relatively new network, has increased risks of fraud attempts, rug pulling accidents, and network-related difficulties. The exposure of this Ponzi conspiracy highlights the significance of maintaining watchfulness inside the developing Shiba Inu blockchain.
The community is still optimistic that its collective resiliency will enable the Shibarium ecosystem fend off these nefarious actors and protect the network’s integrity as it deals with this developing issue. Watch this space for updates on this developing story.
