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Shibarium executive issues strong warning about exploitation risks

Exploitation Risks of Shibarium

Lucie, Shiba Inu’s marketing specialist, has warned the public about the potential exploitation risks of Shibarium, the recently launched Ethereum layer-2 scaling protocol.

In a post on X (formerly Twitter), Lucie highlighted that, similar to other blockchains like Polygon and Ethereum, Shibarium is open for development by anyone, making it susceptible to malicious attacks. Fraudsters might take advantage of the platform to target decentralized applications built on the layer-2 network or deploy fraudulent rug pull tokens.

Lucie urged users to be cautious and vigilant, as some exploiters might even use the Shibarium name in their scam project titles. To protect users from phishing links and fraudulent schemes, Lucie provided a set of instructions. Users are advised to confirm the legitimacy of the protocol or entity by engaging with their official Telegram or Discord channels.

Shiba Inu’s Launch and User Safety

Users should assess the community’s overall sentiment within these channels, thoroughly examine social media content and verify transactions through Etherscan. Lucie indicated that while the team strongly emphasizes user safety, users themselves are also responsible for taking proactive measures.

According to a recent statement from Shytoshi Kusama, Shiba Inu’s lead developer, the blockchain, while aiming to restore decentralization to the world, may have some downsides.

Shiba Inu launched the Shibarium mainnet on Aug. 16, after months of testing that saw millions of users participate and 21 million wallets created. However, the launch appears to have gotten off to a rocky start when it comes to the price of its ecosystem tokens.

The launch of Shiba Inu has sparked interest in web 3.0 marketing, AI marketing, and the applications of web 3.0. AI development is also a major factor in media today, as well as the Akita Inu crypto. Recent developments in AI have also been seen in the media.

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