Shiba Inu Team Warns of Scams Targeting LEASH, Ecosystem Tokens

The Shiba Inu team has issued an urgent warning about scams targeting LEASH and other ecosystem tokens. The team warns of fake migration sites and scam messages, specifically cautioning against Telegram messages promoting "LEASH V2 Migration" and urging holders to beware of phishing attempts. The team also warns that there is no official LEASH token on Solana and that any unlisted token is fake.

The Shiba Inu team has issued an urgent warning to its community about scams targeting LEASH and other ecosystem tokens. The alert, shared via the official Shibarium watchdog account, Susbarium, cautions users to be vigilant against fake migration sites and phishing messages.

In a tweet, Susbarium warned the Shiba Inu community to beware of fake migration sites and scam messages targeting LEASH and other SHIB ecosystem tokens. The tweet included an image of a confirmed fraudulent site promoting LEASH migration [1]. The team also flagged Telegram messages promoting "LEASH V2 Migration" with wallet connection requests as phishing attempts aiming to drain user funds.

The Shiba Inu team has been working on LEASH v2, a new, audited contract for the token. However, the team has warned that any version of the token not listed on the official SHIB website is fake and not part of the Shiba Inu ecosystem. The team has reiterated that there is no official LEASH token on Solana, and any migration to Solana is also a scam.

In addition to the LEASH v2 migration, the Shiba Inu team has warned against coordinated bad actors and networks of fake accounts targeting vulnerable investors. The team urged the community not to FOMO into random links and to be cautious about unsolicited messages and requests.

The warning comes as the Solana ecosystem continues to grow, with the network's total value locked (TVL) nearing all-time highs. However, the network's daily fees remain relatively low, reflecting a mix of liquidity and usage [2]. The divergence between liquidity and usage has been building since the second quarter, with DeFi TVL growing even as average daily spot DEX volume fell. This backdrop highlights the need for vigilance against scams and phishing attempts.

The Shiba Inu team's warning underscores the importance of verifying offers and messages through official channels. Holders should be cautious of unsolicited links and requests for private data. The team has confirmed that the LEASH v2 migration will use a burn-to-claim mechanism, external auditing, and a public testnet before the official release.

In conclusion, the Shiba Inu team's warning serves as a reminder of the ongoing threat of scams and phishing attempts in the cryptocurrency ecosystem. Holders should stay vigilant and verify all offers and messages through official channels to protect their assets.

References:
[1] https://u.today/shiba-inu-team-issues-urgent-warning-on-leash-ecosystem-token-scams
[2] https://cryptoslate.com/solana-tvl-nears-all-time-high-at-11-7b-but-daily-fees-remain-stuck-under-2-million/