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Shiba Inu's Marketing Specialist Warns about Shibarium's Exploitation Risks

Shiba Inu's Marketing Specialist Warns about Shibarium's Exploitation Risks

SHIB marketing specialist urges users to stay alert when interacting with Shibarium.

Shibarium, Shiba Inu's new Ethereum Layer-2 scaling protocol, is making waves in the crypto world. While it promises a lot, it's crucial for users to be cautious, warns Shiba Inu's marketing specialist Lucie.

On August 16th, Lucie took to X (formerly Twitter) to point out risks that can arise on the Shibarium protocol. According to Lucie, like Ethereum and Polygon, Shibarium is open to all developers. However, this freedom comes with a basket of risks

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Lucie highlighted that malicious actors may exploit the protocol to attack various Layer-2 applications or launch rug pull tokens.

In her's statement, Lucie simply advised Shibarium users to be alerted, especially when scammers use the name "Shibarium" to lure unsuspected victims. Lucie urges all users to check the project's legitimacy on the official Telegram and Discord channels or use tools like Etherscan to double-check transactions.

At the end of her statement, Lucie reminded users that safety is a shared duty - the Shibarium team does its part, but users need to do theirs.

Shytoshi Kusama, Shiba Inu's lead developer, shared a similar sentiment. He noted that while the aim is to decentralize, it's not without challenges.

The development team behind Shiba Inu (SHIB) launched the Shibarium mainnet on August 16th. It saw massive activity, with millions joining in and 21 million wallets being created. However, its start had its share of hiccups, particularly with token pricing.

Shibarium is an exciting addition to the crypto space, but as with all things crypto, it's essential to stay alert and informed.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.

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