Shiba Inu Alerts 1M Holders on Discord Wallet Scams: How to Stay Safe

Fraudsters are reviving expired Discord invite links to set up fake servers that mimic official SHIB channels.

Written by: Arslan Butt • Friday, August 15, 2025 • 1 min read

• Last updated: Friday, August 15, 2025

Quick overview

Fraudsters are using expired Discord invite links to create fake SHIB servers, tricking users into revealing their wallet information.
A recent unauthorized token release from the Shiba Inu: Deployer 1 wallet has been confirmed as a hack, not part of the official ecosystem.
Shiba Inu is advancing with a Shibarium upgrade aimed at decentralization and enhancing developer participation.
The community is calling for improved leadership and transparency as governance changes are on the horizon.

Fraudsters are reviving expired Discord invite links to set up fake servers that mimic official SHIB channels. By tricking users into “verifying” their wallets or approving malicious dApps, scammers can drain assets in minutes. Shibarium Trustwatch noted that these fake platforms often copy the official branding with scary accuracy.

Safety Tips:

Only use verified sources for Shiba Inu information
Don’t connect wallets via unverified Discord links
Don’t rush into transactions

A recent social media post announced an unauthorized token release from the Shiba Inu: Deployer 1 wallet, causing panic. Developer Kaal Dhairya confirmed the hacked wallet is not part of the official ecosystem and advised to avoid tokens from that address.

Shibarium Upgrade

Despite the threats, Shiba Inu is moving forward. The team just released an update to the Shibarium developer hub with clear instructions for running validator nodes and developing on Ethereum’s Layer-2 network.

The upgrade aims to decentralize more, expand developer participation and strengthen the project. Analysts say it will reduce the chance of future hacks and empower the community to play a bigger role in governance.

Developer Focus:

Clear instructions for validator nodes
More Layer-2 development opportunities
Decentralization and security

Governance and Community

Shiba Inu is gearing up for a governance overhaul including elections for a lead visionary and DAO council members. This will formalize the oversight of the multi-billion dollar SHIB ecosystem and move towards a fully decentralized “digital network state”.

But community sentiment is mixed. Some holders are calling for new leadership, citing lack of transparency and responsiveness from Shytoshi Kusama. Groups like WoofSwap are questioning the strategy, saying better communication and community engagement is needed.

For now, asset protection is top priority. Experts advise SHIB holders to verify all sources before interacting with wallets or new tokens.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.