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New Ethereum Privacy L2 Shade Network Faces Scam Warnings

Summary by MaxBit
A newly launched privacy-focused Layer-2 blockchain project, Shade Network, has come under intense scrutiny following a wave of allegations from Crypto Twitter. Critics warn of potential links to a previous rug pull, phishing risks, and a lack of verifiable project fundamentals. The controversy has escalated quickly, prompting multiple security warnings and public retractions from early...
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MaxBit broke the news in on Thursday, January 1, 2026.
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