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SHIB Team Issues Warning About Scam for Token Holders

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by Giorgi Kostiuk

5 hours ago


Recently, a scam post targeting holders of key Shiba Inu tokens was discovered on X. The post promotes nonexistent rewards, raising concerns in the community.

Scam Post on X

The Shiba Inu-associated account, Susbarium, alerted about a troubling scam post aimed at holders of SHIB, BONE, and LEASH tokens. Scammers use this post to entice token holders, urging them to claim rewards on ShibaSwap, claiming that those rewards are about to expire. The post includes a suspicious link and a screenshot showing a supposed 'win' of over $6,500 in SHIB.

Signs of Fraud

Susbarium highlighted three main signs indicating the fraudulent nature of the post: 1. Urgency triggers, such as 'claim ends soon', are common for scams. 2. Short URLs obscure the destination, making it harder to verify legitimacy. 3. No official announcements about such rewards have come from Shiba Inu channels.

Protection Recommendations

The Shiba Inu team advises users to be cautious and apply the following protection methods: - Do not click on unverified links in emails or social media messages. - Never connect your wallets to unknown dApps. - Always verify announcements through official Shiba Inu channels. - Avoid Telegram groups or X accounts offering surprise airdrops or free crypto giveaways.

Fraud in the crypto world remains a common issue. Holders of SHIB, BONE, and LEASH should exercise particular vigilance and follow recommended precautions to protect their assets.

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