Don’t Fall for False Tokens: Shytoshi Kusama Warns Shiba Inu Investors

Shiba Inu Lead Reacts to Elon Musk's "Bad Idea" Tweet, Sparks AI Buzz

The lead developer of SHIB, known by the pseudonym Shytoshi Kusama, has recently cautioned investors about tokens that are currently available on the beta version of Shiba Inu’s layer-2 network, Puppynet.

After a heated argument on the Shibarium Telegram channel, Kusama advised the Shiba Inu community members against buying tokens on Puppynet, particularly BONE, and LEASH.

He also urged the community members not to transfer their actual tokens to the beta version of Shibarium. He emphasized that there is no burning of real tokens taking place on Puppynet.

The lead developer has restated that tokens on Puppynet are not real, as they are intended for testing purposes. Nevertheless, some Shiba Inu supporters still hold different opinions, leading Kusama to warn and advise them accordingly.

Related article: Integrating Shiba Inu (SHIB) Payments: Alpha Topup Push to Reach 150 Million Users 

Kusama Reaffirms His Commitment

The members of the Shiba Inu team have always been dedicated to ensuring the safety of SHIB supporters, preventing them from making costly mistakes that could result in the loss of their funds.

Earlier this month, it was reported that Kusama warned the Shiba Inu community not to fall for new tokens claiming to be released by the team, including TREAT and SHI tokens. He emphasized that any such new token purporting to be created by the Shiba Inu team is false.

The leader of the Shiba Inu project urged investors to perform proper research and analysis before investing in any token that purportedly originates from the SHIB team.

Team to Share “Many” Shibarium-Related Updates Soon

Kusama assured the Shiba Inu community that the team would provide numerous updates on Shibarium in the near future.

“There will be many updates as we move forward on many fronts, okay? We are just as excited as you all are. LFG,” Kusama noted.

It is noteworthy that Kusama’s statement was made in response to the constant requests for updates on Shibarium by the Shiba Inu enthusiasts. Recently, an admin on the Telegram channel, nicknamed “Someone Smart (Maybe),” revealed that the team plans to make significant announcements before the end of this month.

Related also: AI Platform to Burn Trillions of Shiba Inu Tokens Annually

Share this :