Shiba Inu's lead developer, Shytoshi Kusama, is facing fraud allegations on X (formerly Twitter) by the account @shibburn.
Accusations include unauthorized project endorsements and misleading the community within the Shiba Inu ecosystem.
Specific ventures like K9 finance are mentioned to be misleading the SHIB community by tying themselves to Shytoshi Kusama and falsely claiming SHIB's backing.
Despite speculation surrounding the SHY token, official channels maintain that SHY is not an authorized offshoot of the Shiba Inu platform.