TL;DR:
- Shiba Eternity advisor, Mazrael, confirmed on August 15 that there is no active technical migration process for tokens in the Shiba Inu ecosystem.
- Unauthorized accounts muted official channels and removed developers on Telegram to spread links to fraudulent contracts.
- The entire supply for the upcoming LEASH v2 upgrade is already secured in a multi-signature wallet awaiting a formal announcement.
SHIB holders are on high alert as scammers spread false claims about a Shibarium migration, according to warnings issued by key development team members after detecting disinformation campaigns across community channels.
Mazrael, an advisor for the game Shiba Eternity and project contributor, publicly denounced the activity of an account identified as “someonesmart” on Telegram. According to statements by the developer, this profile promoted fraudulent groups where users were prompted to swap their assets under the guise of a mandatory technical upgrade.
care. @shibarium_ / someonesmart have now also put their TG with a fake migrations they put on the ShibariumTech TG in the Bone Shibaswap TG (after muting our official channels and banning devs in the TG).
They have nothing to do with Shibaswap or Shibarium.
TG admins mercs… pic.twitter.com/c1xRaSK2yw
— Mazrael.shib (@Mazrael_shib) August 16, 2026
The attacker managed to post malicious links within the official ShibariumTech and Bone ShibaSwap groups. According to market reports, legitimate administrators and developers were temporarily muted and removed from these channels prior to the spread of the scam.
In response to this situation, official protocol representatives clarified that no user should transfer their current holdings of BONE, SHIB, LEASH, or TREAT to external addresses. Participants currently staking assets on Shibarium or interacting with funds on the ShibaSwap decentralized exchange must continue using only the existing contracts. Information from the technical team indicates that any request to approve unknown contracts or swap BONE for supposed replacements represents a direct wallet-draining attempt.
Technical Status of the Protocol and the LEASH Transition
The proliferation of these fraudulent campaigns comes amid community anticipation surrounding the transition to LEASH v2. This upgrade was planned after a vulnerability was detected in the token’s original code, which compromised its fixed-supply design through a rebase function.
Ecosystem developers reported that the replacement contract has already been patched to prevent any additional minting. Technical documentation details that the entire supply of LEASH v2 remains secured inside a multi-signature wallet. Once the final migration is executed, version 1 contracts will be locked or sent to burn addresses as the new tokens are distributed proportionally.
However, project technical coordination confirmed that there is no formal schedule or definitive date set for this procedure. For this reason, any social media post claiming the immediate launch of redemption portals lacks technical validity and institutional backing.
The security team reiterated that operational instructions regarding LEASH version 2 will be published exclusively through the official domain shib.io.
