Shiba Inu Warns of LEASH v2 Presale Scams Amid Major Upgrade Plans

The Shiba Inu community has been warned about fraudulent activities involving fake LEASH v2 presale offers, with prominent community figure Lucie alerting users to the growing threat of impersonation and deception. Scammers are reportedly creating fake accounts to mimic official Shiba Inu channels, offering early access or exclusive opportunities related to the upcoming LEASH v2 upgrade. These tactics often involve directing users to counterfeit websites or private links that prompt them to connect their wallets or send tokens, leading to potential theft and financial loss [1].

Lucie emphasized that the Shiba Inu team will never request direct transfers, wallet keys, or any form of private communication to facilitate the migration process. All updates and migration activities related to LEASH v2 are expected to be conducted exclusively through the official website, shib.io. Users have been advised to remain cautious and avoid engaging with any unsolicited messages or unverified links, regardless of how tempting or exclusive the offer may seem [1].

Alongside the fraud alert, the Shiba Inu development team confirmed progress on the LEASH v2 upgrade. Developers have identified issues with the original codebase, including leftover code that allowed for an inconsistent token supply. The new version will implement a fixed supply model, ensuring no further tokens can be minted. This change is intended to improve the token’s long-term stability and fairness for holders. The migration will follow a burn-to-claim mechanism, allowing users to exchange their existing LEASH for the new version in a transparent and community-driven process [1].

To ensure security and transparency, the team has engaged an external auditor to review the smart contract and is in ongoing discussions with exchanges regarding listing support. A public testnet and bug bounty program are also being planned to identify and resolve vulnerabilities before the official launch. These steps reflect the team’s commitment to addressing technical issues while safeguarding users from potential exploits [1].

The rise in fraudulent activity targeting the Shiba Inu community is part of a broader increase in crypto scams, particularly during periods of active development and market interest. The team has noted multiple impersonation attempts in August alone, highlighting the importance of community vigilance. Lucie and the development team continue to stress the importance of adhering to official communication channels and avoiding any unauthorized interactions that could compromise user funds or personal information [1].

Source: [1] Shiba Inu Team Issues Security Alert as Devs Plot Major ... (https://u.today/shiba-inu-team-issues-security-alert-as-devs-plot-major-upgrade)