The Shiba Inu community received an important notice from ShibArmy Scam Alerts, urging vigilance in the fast-paced world of cryptocurrencies.
Importance of Community Protection
Moderators on platforms like Telegram or Discord play a crucial role in keeping the community safe in the crypto world. Their strict approach to rules helps create a barrier against threats such as phishing attacks and fake projects.
Dangers in the Crypto Space
Copycat projects and impersonators pose a serious risk in the crypto space. These bad actors try to trick investors by mimicking real projects, leading to significant financial losses. Additionally, FUD (fear, uncertainty and doubt) and misinformation remain among the biggest threats to any crypto community.
SHIB Price Surge
At the time of writing, the SHIB price was up 1.17% over the last 24 hours to $0.0000138, coinciding with major upcoming Shibarium updates, such as the Bor upgrade (v1.3.7) and the Cancun hard fork, aimed at improving network performance, security, and scalability.
The Shiba Inu community remains vigilant against new threats and continues to actively improve its ecosystem.
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