Wednesday, June 19, 2024
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Fresh Warning To SHIB Holders

The Shibarium Project, through its social media account “Shibarmy Scam Alerts” (@susbarium) on X, has issued a fresh warning to the Shiba Inu community. The alert specifically targets users who rely on Telegram for updates and information about SHIB, Shibarium, and its associated ecosystem.

Fake Groups and Impersonation Tactics

The warning highlights the prevalence of fake groups on Telegram impersonating legitimate SHIB-linked channels. These fraudulent groups attempt to mislead users with promises of exclusive content and giveaways related to SHIB, BONE, TREAT, and other Shibarium-related tokens. Additionally, they may offer fake investment opportunities or exploit other vulnerabilities to target unsuspecting SHIB holders.

Read Also: Scam Alert: Important Warning To Shiba Inu (SHIB) Holders

Protecting Yourself from Scams

To protect yourself from scams on Telegram, the Shibarmy Scam Alerts recommends several key steps. First, always verify the authenticity of any group claiming a connection to SHIB or Shibarium before joining. Look for official verification badges and confirm the group’s existence through announcements from trusted sources on other platforms.

Second, avoid clicking links from unsolicited messages or suspicious groups. These links could be phishing attempts to steal personal information or install malware.

Third, never share your cryptocurrency wallet address on Telegram or any other online platform. Sharing your wallet address grants access to your holdings and increases the risk of theft.

Finally, stay informed about current security threats and best practices for online safety in the cryptocurrency space. By following these steps, you can significantly reduce your risk of falling victim to scams on Telegram.

The Shibarmy Scam Alerts post also emphasizes the importance of the entire SHIB community working together to maintain a safe and secure environment. This collaborative effort is essential in combating fraudulent activities that target unsuspecting users.

Read Also: Ledger Warns XRP Holders of New Scam, Urges Vigilance

Previous Warnings and Continued Vigilance

Last week, the Shibarmy Scam Alerts account issued similar warnings regarding fake Telegram accounts impersonating Shytoshi Kusama, the pseudonymous lead developer of SHIB, and Kaal Dhairya, a prominent figure within the SHIB ecosystem.

These fake accounts often aim to mislead users and potentially steal their personal data or wallet addresses. The Shibarium Project urges the SHIB community to remain vigilant against such impersonation tactics.


By following these guidelines and staying informed, SHIB users on Telegram can significantly reduce their risk of falling victim to scams and protect their digital assets. Remember, online safety is a shared responsibility, and the SHIB community’s collective vigilance is crucial in maintaining a secure environment for all.

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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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