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A new post by Shiba Inu team member DavinciShib revealed growing concerns about rug pulls on Shibarium, as deceptive actors exploit the ecosystem. The Layer-2 blockchain, created for the Shiba Inu community, is facing increased scrutiny amid reports of scams involving fake tokens and false hype.
Investigations expose growing rug pull activity
As the social media post revealed, a wave of investigations reveals that some bad actors are exploiting Shibarium for quick gains.
In his latest X post, DavinciShib called out the double standards of those who mock the project but still profit from it. The message disclosed that parasites are still feeding off Shibarium, and the community has had enough.
Rug pulls have become a growing concern. These scams often involve fake crypto projects that collect funds from unsuspecting investors, then disappear without a trace. These frauds have been traced back to Shibarium-based tokens, prompting insiders to act.
Earlier this month, Lucie, a key SHIB community member, urged users to be careful. She warned that scammers often hijack the accounts of influencers or celebrities, using them to push scams. According to Lucie, it is hard to tell who is behind those accounts, and people must stop taking posts at face value.
The message was clear: Scams are spreading fast, and staying informed is the best defense.
Fake Bad Idea AI project used to lure Shibarium users
In a recent post, the Susbarium X account also raised concern over a new scam tied to a fake version of Bad Idea AI (BAD), a real partner in the Shiba Inu network.
Per the update, scammers are pretending to be linked to BAD to trick users into investing.
Susbarium shared details on how to spot the scam and urged Shiba Inu holders to double-check every source before sending funds. The crackdown is gaining momentum, and rug pull agents are now on notice.
Vladislav Sopov
U.Today Editorial Team