Scam Allegations Surround New Privacy Layer-2 Project Shade Network
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 promoters. While Shade Network has not confirmed any wrongdoing, the claims have raised serious questions about user safety.
A team that scammed people for $1.8M by presale launch recently is now shilling another new project named @Shade_L2
and it is gaining enough traction already since they came up with waitlist form to attract more people
november 2025 :
OmneraUSD had come up with privacy focused… pic.twitter.com/JKPj68d7dj
Privacy coins are the biggest crypto narrative heading into 2026. And Shade Network is leveraging that hype. The project presents itself as a privacy-first Ethereum Layer-2.
It claims to offer encrypted transaction execution, an encrypted mempool, and protection from MEV and front-running. The project positions itself as a solution to transaction surveillance on public blockchains.
So far, Shade Network has not launched a live network or token. Its visible progress remains limited to a waitlist, early branding materials, and high engagement on social media.
Update.
Some friction along the way. Privacy makes people uncomfortable. We expected resistance.
Full roadmap, plan, and team reveal coming soon.
Until then, join our official channel for updates: https://t.co/KMfUY7tetk
We're not going anywhere.
No testnet code, audits, or technical documentation have been publicly released.
Rug Pull Allegations and Red FlagsThe main concern centers on alleged links between Shade Network promoters and a previous crypto project accused of conducting a rug pull after raising roughly $1.8 million.
Critics claim that participants in that earlier project lost funds through a malicious claim link that drained wallets.
In addition, multiple wallet providers reportedly flagged Shade Network’s website as potentially harmful.
Such warnings usually appear when phishing scripts or malicious contract interactions are detected. While false positives are possible, simultaneous flags across platforms significantly elevate risk.
Shade Network Rug Pull Suspicions