Shiba

eloncoin

Shiba Inu

Elon Musk

Lucie, the marketing lead for Shiba Inu (SHIB), took a bold stance against <a href="https://coingape.com/elon-musk-to-repurpose-x-with-grok-powered-ai-news/" target="_blank" rel="noopener noreferrer nofollow">Elon Musk</a> and his social media platform, X. The scathing critic highlighted serious security concerns on X. Furthermore, the Shiba Inu exec underscored the importance of user safety and spotlighted the malicious practices of phishing on the platform.
<h2 id="shiba-inu-s-lucie-slams-elon-musk">Shiba Inu’s Lucie Slams Elon Musk</h2>
In a recent post on X, Lucie criticized X’s decision to allow users to view public posts from accounts that had previously blocked them, without addressing crucial security issues. The Shiba Inu lead’s post highlighted a glaring paradox. She noted that while X implemented a feature to unblock users, it seemingly turned a blind eye to reports of hate speech, stalking, death threats, abuse, and phishing attempts.
The <a href="https://coingape.com/shiba-inu-news-shibarium-hits-new-milestone-with-bor-heimdall-hard-fork/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> marketing lead also emphasized the importance of prioritizing security and protecting users from malicious activities before considering such changes. Accompanying her message was a damning snapshot of a fake Shiba Inu airdrop post on X. The airdrop post contained a phishing link.
This evidence served to underscore Lucie’s point about X’s negligence towards combating fraudulent and harmful content circulating on the platform. Moreover, By publicly calling out Elon Musk and X, Lucie showcased Shiba Inu’s commitment to the community’s safety. The statement resonated with many users who shared similar concerns about the platform’s security measures.
Also Read:&nbsp;<a href="https://coingape.com/shib-news-211b-shiba-inu-dumped-coinbase-shib-price-topped/" target="_blank" rel="noopener noreferrer nofollow">SHIB News: 211B Shiba Inu Dumped to Coinbase, Has SHIB Price Topped?</a>
<h2 id="how-is-shib-performing">How Is SHIB Performing?</h2>
Amid the chaos, Shiba Inu shone with substantial gains with a broader market recovery. At the time of writing, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">SHIB price</a> soared 7.78% to $0.00002536 on Saturday, May 4. Whilst, the popular meme coin held a market capitalization of $14.94 billion.
Moreover, the SHIB trade volume spiked 35.07% to $823.89 million in the last 24 hours. The surge also comes after the Shiba Inu burn rate skyrocketed by over 1,000% with 29.11 million SHIB tokens up in flames, according to Shibburn. This burn frenzy instilled investor confidence and could have also contributed to the latest rally.
Also Read:&nbsp;<a href="https://coingape.com/shiba-inu-coin-shib-price-rallies-burn-rate-soars-1000-what-next/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu Coin: SHIB Price Rallies As Burn Rate Soars 1000%, What’s Next?</a>
The post <a href="https://coingape.com/shiba-inu-update-exec-fumes-at-elon-musk-over-xs-security-concerns/" rel="noopener noreferrer nofollow">Shiba Inu Exec Fumes At Elon Musk Over X’s Security Concerns</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Shiba Inu Exec Fumes At Elon Musk Over X’s Security Concerns

Table of Contents

Coingape News Media

Other articles published on May 4, 2024

Join our free newsletter for daily crypto updates!