Shibarium executive issues strong warning against exploitation risks
LucieSHIB, Shiba Inu's marketing specialist, has cautioned the public against potential exploitation risks on Shibarium, the just-released Ethereum Layer-2 scaling protocol.
According to a post by the executive on X, the former Twitter social media app, Shibarium is accessible for development by anyone - similar to other blockchains like Polygon (MATIC) and Ethereum (ETH). However, this openness also renders it vulnerable to potential attacks. Malicious entities could exploit the platform to target decentralized applications (DApps) constructed on the L2 network or deploy fraudulent rug pull tokens.
Users should exercise caution and remain vigilant, as some malicious entities might even utilize names like 'Shibarium' or 'Shib' in their project titles. It's important to note that the inclusion of these terms alone does not establish their credibility, the Shibarium tech marketing strategist stressed.
Similar to Polygon, Ethereum, and other blockchains, Shibarium is open for anyone to build on. Regrettably, this also provides an avenue for bad actors to develop scam dApps and rug-pull tokens, among other things.The mere incorporation of the term "Shibarium" or "Shib" in… pic.twitter.com/AiNqORi7J2
Instead, Lucie offered a set of instructions to assist users in safeguarding themselves while utilizing Shibarium and reducing the risk of encountering phishing links and fraudulent schemes. Users are advised to verify the legitimacy of the protocol or entity by engaging with their official Telegram or Discord channels.
Within these channels, users should assess the community's overall sentiment, thoroughly examine social media content, and verify transactions through Etherscan. Lucie indicated that while the team places a strong
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