Shiba Inu bitcoin investors are a passionate group, although they are now being cautious. Shiba Inu support accounts on Twitter have exploded alarmingly, prompting urgent appeals for extra caution and safety precautions. Investors are therefore asked to keep a vigilant eye on the situation and report any questionable behaviour.
These fake accounts are trying to con the unwary ShibArmy by capitalizing on the charm of the SHIB’s widespread appeal.
As a result, government watchdogs like Susbarium are issuing severe warnings. In a recent tweet, they urged the ShibArmy to promptly report such deceptive accounts, urging them to do so in order to prevent fraud.
On Twitter, one such account poses as the official support handle for the Shiba Inu ecosystem and goes by the name @ShibaTokenHelp. Already, the account has hundreds of followers. Investors are urged not to interact with these accounts.
In the same vein, Shibarium yesterday made it clear that the UNLEASH token and Shiba Inu are unrelated. Despite the fact that UNLEASH is not a known scam, some people could assume that the Shiba Inu development team approved it because of the token’s name and founder. Others could wrongly think that Doge Killer (LEASH), another token in the SHIB ecosystem, is equivalent to UNLEASH.
Shiba Inu Recent Developments
The ShibArmy can still find reasons to celebrate despite these difficulties. Puppynet, developed by Shiba Inus, has reached a critical milestone of 30 million transactions while still in beta.
In this intensely competitive market, such an accomplishment is not small and indicates the expanding significance of the SHIB ecosystem. Puppynet has processed approximately 1.7 million blocks and an astonishing sum of over 17 million wallet addresses, demonstrating the ShibArmy’s technical strength.
Shiba Inu’s designation as the official title sponsor of the upcoming Blockchain Futurist Conference in Toronto, Canada, serves as further evidence of the SHIB ecosystem’s growing importance. It will take place in August.