According to U.Today, following the death of Kabosu, the Shiba Inu dog that inspired the Dogecoin meme, Timothy Stebbing, a developer with the Dogecoin Foundation, has warned the Dogecoin community about potential scams. Stebbing has highlighted that fraudsters are attempting to exploit the situation by creating fake Dogecoin accounts and launching deceptive schemes to trick investors and fans.
Kabosu, also known as 'Kabochan', was a beloved figure in the online world, capturing the hearts of millions and becoming an internet sensation. Her image was the inspiration behind the creation of Dogecoin, symbolizing the fun and whimsical nature of the cryptocurrency world. Following her death, the crypto community, led by the Dogecoin Foundation, paid their respects to the Japanese Shiba Inu, which inspired a generation of online jokes and became the face of Dogecoin cryptocurrency. Ethereum co-founder Vitalik Buterin also expressed his condolences at Kabosu's passing.
However, amidst the mourning, some malicious actors are attempting to exploit the community's emotional response. Stebbing has identified a fake Dogecoin account that emerged after Kabosu's death. This account, which could only be identified upon closer inspection, was promoting a fake NFT collection launch in honor of Kabosu. Stebbing has urged the Dogecoin community to report such accounts, emphasizing the importance of vigilance among Dogecoin users. He advises users to verify the authenticity of social media accounts or fundraising initiatives claiming to honor Kabosu and to stand united against those who seek to exploit such a somber moment for personal gain.