A Leading Shiba Inu Developer Has Warned About A Scam Token That Tries To Separate Unsuspecting Victims With Their Money
Kaal Dhairya, one of the main Shiba Inu developers, issued a warning about scammers trying to spoof the “Shiba Inu: Deployer” in a recent blog post.
Dhairya spotted a contract designed to emit malicious events, obscuring information about the actual sender and recipient. In this way, it made it possible to associate the cryptocurrency with well-known wallets.
The developer says such a trick could be used either for clever marketing or to scam potential victims. Fraudsters frequently abuse the ERC20 endorsement feature to steal money from other users using fake tokens.
In the aforementioned blog post, Dhairya urged Shiba Inu users to follow official announcements so as not to fall victim to dubious scams.
After the Shiba Inu’s popularity skyrocketed last year, many scammers tried to capitalize on its popularity. Last November, the team of developers behind the viral meme token warned investors that they were being targeted by scammers. They pointed out that the team does not offer freebies, gifts or airdopros, which is why such offers are a major red flag.
In February, blockchain security firm PeckShield detected a fake Shiba Inu token that was allegedly issued on the Tron blockchain. The fake cryptocurrency was a honeypot scam, meaning its smart contract had a mechanism that prevented buyers from selling.
