2026-01-20 01:40:35

A community pushed hard for hours trying to get visibility around fundraising related to Shielded Labs. The effort gained considerable traction with likes, shares, and active comments. However, the project team quickly spotted something alarming: a random account was circulating a fake $SHIELDED token across X. The official team's reaction was swift and emphatic—flagging the impersonation attempt immediately. This serves as a reminder that as projects gain attention and momentum, bad actors often move fast to capitalize on the buzz. Token validators and community members should stay vigilant about distinguishing legitimate project tokens from copycat schemes designed to exploit FOMO.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

P2ENotWorking

· 2h ago

Counterfeit currency is really outrageous. Every time a project becomes popular, these people jump on the bandwagon to ride the hype.

View OriginalReply0

DAOTruant

· 2h ago

Counterfeit bills are so common that as soon as the hype starts, someone immediately sets up phishing. Shielded Labs responded quite quickly; otherwise, we would have been cut off a wave.

View OriginalReply0

TooScaredToSell

· 2h ago

Counterfeit coins are back again. This time, they've learned to be smarter. Riding the hype is really getting out of hand... It's better to spot it early, or else someone will get scammed again.

View OriginalReply0

GateUser-75ee51e7

· 2h ago

Counterfeit coins are really annoying. Just when the hype is heating up, scammers show up. Stay vigilant.

View OriginalReply0

ProposalManiac

· 2h ago

This is a typical case of game theory equilibrium being broken; the higher the heat, the greater the risk. --- The consequence of imperfect mechanism design is that a whitelist mechanism should have been in place long ago. --- The lesson from history is right in front of us. Isn't the story of Squid Game coin enough yet? --- Rapid growth itself is the biggest governance vulnerability; this must be acknowledged. --- Strong community consensus is a good thing, but it also gives scammers an opportunity, a contradiction. --- Ultimately, it still depends on the incentive-compatible design of token validators; just shouting to be cautious is useless. --- Shielded responded quickly this time, but can the next project keep up? That’s the real problem. --- It's really like a double-edged sword of decentralization; the more decentralized, the more issues can arise. --- It feels like these incidents are happening more and more frequently; fundamentally, the proposal process itself needs to be improved.

View OriginalReply0