The Shiba Inu community is facing a significant threat from fraud involving a fake token misused by the cryptography company Zama on Binance Smart Chain.
About the Fake Zama Token
The Shiba Inu community has been alerted to the existence of a fake token that is being used for fraudulent purposes. Dr. Rand Hindi, CEO and co-founder of Zama, confirmed that the token is "completely fake and has no ties to the real company." He urged users not to fall for the scam after reports of suspicious activity regarding the token emerged within the community.
Phishing Issues in the Community
In addition to the fake token, users are also becoming victims of phishing schemes through fake Exodus wallet emails. These emails, flagged by Susbarium—a Shiba Inu-focused account—masquerade as messages from the official Exodus team with subject lines such as "Exodus Wallet: Keep It Active." They seek to deceive users into divulging sensitive information like seed phrases. Susbarium reminded everyone that no one has the right to demand such data.
Safety Recommendations
Exercise caution is imperative for cryptocurrency holders. Being aware of interactions on verified platforms and avoiding communication with unverified tokens or emails is crucial. The leadership of Shiba Inu developers and Zama urges users to stay alert and always verify project announcements through official channels before taking any actions.
With increasing fraudulent schemes in the crypto space, users are advised to check information and remain vigilant. Official warnings and guidance can help prevent losses.
