Scam Tokens Prompt Shiba Inu Team To Issue Emergency Alert – Details

Christian Encila

1 month ago

2 mins read

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The Shiba Inu development team has sounded the alarm over a wave of scams tied to LEASH and other tokens within its ecosystem.

In notices put up on X by Susbarium, a Shiba Inu-committed profile, scam websites and pretend migrant links are being exploited to deceive owners into attaching wallets and confirming malicious transactions.

Fraudulent Sites And Phishing Attempts

One of the scams highlighted involved a website promoting a fake LEASH migration. The warnings stress that any messages on Telegram encouraging users to take part in “LEASH V2 Migration” are phishing schemes designed to drain funds.

Shiba Inu holders were told to avoid clicking links or approving wallet requests that do not come from official channels.

🚨 SHIBARMY SAFETY ALERT 🚨

Beware of fake migration sites and scam messages targeting $LEASH and other Shiba Inu ecosystem tokens.

🔴 The site seen in the image is confirmed to be fraudulent.
🔴 Telegram messages promoting “LEASH V2 Migration” with wallet connection requests… pic.twitter.com/ritcxUChQC

— Susbarium | Shibarium Trustwatch (@susbarium) August 30, 2025

LEASH Supply Concerns Spark V2

On August 11, 2025, LEASH supply unexpectedly grew by 10%, sparking concern across the community. This event contradicted the long-standing belief that the token’s supply was fixed and that rebasing had been disabled.

After reviewing the incident, developers and the community agreed that LEASH v2 would be launched under a new audited non-rebase contract.

Shiba Inu developers noted that work on LEASH v2 is already underway. The stated goal is to provide a secure migration process, with full verification and protections for token holders.

At the same time, the team emphasized that any announcements about LEASH migration outside the official SHIB website should be treated as scams.

SHIB market cap currently at $7.2 billion. Chart: TradingView

Warnings Against False Claims

Susbarium also pointed out that coordinated groups of bad actors are spreading misinformation across social media through networks of fake accounts.

These efforts, according to the watchdog, are aimed at creating confusion and preying on less experienced investors.

The Shiba Inu team has made clear there is no official LEASH token on Solana. Claims of migration to that blockchain are fraudulent, and any Solana-based version of LEASH is fake.

Only tokens listed on the official SHIB website are valid parts of the ecosystem, the team stated.

Community On Alert

The repeated warnings underline how token migrations or contract changes often become a magnet for scams.

Shiba Inu developers say their priority is protecting holders during the shift to LEASH v2 while ensuring every step is transparent and verifiable.

For now, the community is being told to remain vigilant and avoid any unofficial migration offers.

Featured image from Unsplash, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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