Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Shiba Inu team alerts SHIB investors about scam

3 min reading

As per the team, SHIB investors should be aware of scammers who are impersonating official accounts and generating fake users

The Shiba Inu (SHIB) team has released a public alert against continuous online scams that mainly target altcoin investors involved in SHIB tokens. 

The vigilant scam alert was conveyed in the form of a tweet that described the numerous methods used to defraud unsuspecting Shiba Inu victims.

The warning continued, “A fake Shiba Telegram group is being shared across all social media. The scammers impersonate official accounts and create fake users. These scammers reply to general posts.”

Although Shiba Inu captivates ambitious crypto millionaires and billionaires, bad actors have enhanced their efforts, targeting incautious investors on social media platforms such as Twitter and Telegram. Impersonating official accounts and aiming hashtags such as #shib #shibarmy #leash #shibaswap and #bone are some of the most common tactics used to approach potential victims.

Moreover, Shiba Inu's scam alert stated that the community does not provide any type of promotion, such as airdrops, bonuses, giveaways, or gifts. Investors are urged to avoid sharing wallet keys, credentials or joining and following false social media accounts as a general rule. 

Following Shiba Inu's success, several of these dog-themed tokens have begun to flood the crypto market. SHIB recently reached an all-time high of $0.000086 on Oct. 28 but has struggled to maintain its value.

Shiba Inu's development team has also created and launched another token called Doge Killer (LEASH), which has recently increased by 130.3 per cent. 

A growing community of investors has placed SHIB in some of the most widely known crypto exchanges, including Binance.US and, furthermore to the token's mainstream adoption.

The enthusiasm surrounding the Dogecoin (DOGE) spinoff is related to a prolonged bull market period that generated high profits for small-time investments. According to data, an $8,000 investment made in early 2021 by a 35-year-old supermarket warehouse manager is now worth more than $1 million.

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.