The meme coin Shiba Inu’s team recently issued a public warning against the recent digital scams mainly targeting SHIB investors. The team released the proactive scam alert through its Twitter handle, where it mentioned the possible methods to dupe unsuspecting victims from the SHIB community.
“A fake Shiba Inu Telegram group is being shared across all social media. The scammers impersonate official accounts and create fake users. These scammers reply to general posts.”The warning stated
While the meme coin keeps attracting crypto enthusiasts by making efforts to solve real-world problems, the community has been attacked by bad actors who target unwary investors on social media platforms, including Telegram and Twitter.
One of the very common methods that these scammers use to contact potential victims is by impersonating SHIB’s official accounts and targeting hashtags like #shibarmy, #shib, and #bone.
Shiba Inu investors, ‘Stay Alert!’
Shiba Inu team’s latest tweet about scams highlighted that the community is not offering any promotions, including bonuses, giveaways, etc., and will display on the official page if something comes up. We also suggest the readers and investors refrain from sharing their credentials, wallet keys, and following fake accounts on social media.
The coin is struggling hard to resume its upward motion as it is down after attaining its all-time high (ATH) at $0.000086 on October 28.
After witnessing the huge success of SHIB, many meme tokens have flooded the market. The development team of Shiba Inu has also released another token named Doge Killer (LEASH), which also surged by 130% recently.
The recent drop has removed the coin from the top-10 cryptocurrencies list as per the market capitalization, and it is currently sitting at 12th position. SHIB is currently trading at $0.00004476, with a price decrease of 2% on the daily chart. The trading volume of the coin has also decreased by 18% from yesterday, which is attributed to the coin’s drop from the top-10 list.