In the crypto sphere, scamming has always posed a significant challenge. Despite efforts to curb the trend, scammers never cease to devise new means to defraud unsuspecting and potential investors.
According to a revelation that has grabbed considerable attention within the Shiba Inu ecosystem, Shiba Inu’s latest project, Sheboshis, became the new avenue for scammers to carry out their fraudulent activities.
Read Also: Shiba Inu Team Member Exposes Entity Behind the Attacks On Shibarium
Being a new project, it should not be surprising that it became the latest target for internet thieves to perpetuate their fraudulent moves to scam unsuspecting users. However, the good news is that the fraudulent attempts were discovered, and warnings were issued.
Shiba Inu Calls Out An Account For Impersonation
Taking to X, the official account of the Shibarmy Scam Alerts called out an account faking affiliation with Shiba Inu’s latest NFT project with the pseudonym “The SHEBOSHIS.”
According to the Shiba Inu scam alert account, enthusiasts should be careful not to click any link from the spotlighted X account.
The scam alert official handle wrote on X, “Another scam account claiming to be associated with #Sheboshis is posting phishing links. Please exercise caution and verify before clicking on any links. You do not need to approve anything, so do not click on links in direct messages or posts from suspicious accounts. Report this account to help protect the community.”
Warning: Another scam account claiming to be associated with #Sheboshis is posting phishing links. Please exercise caution and verify before clicking on any links. You do not need to approve anything, so do not click on links in direct messages or posts from suspicious accounts.… pic.twitter.com/qjKNFCgQkY
— Shibarmy Scam Alerts (@susbarium) February 22, 2024
Scam Schemes Gaining Prominence?
Being a growing crypto project, Shiba Inu is renowned for consistently rolling out new projects to attract more users, which has made scamming rampant in its ecosystem.
Over the past few months, SHIB enthusiasts’ attention has been called to several potential scamming schemes, with the most recent coinciding with Shibarium’s announced partnership with K9 Finance.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: New Scam Alert: Shiba Inu Team Member Cautions SHIB Community
According to one of our reports, the suspected scammers allegedly perpetuate their fraudulent activities by creating fake Telegram groups and impersonating K9 Finance. Using the forgery online platform, they trick users into sending funds or connecting their wallets, resulting in unrecoverable losses.
Also, in another report, the Shiba Inu community dedicated scam alert handle took it upon itself to highlight some prevalent avenues through which SHIB enthusiasts can fall victim to malicious acts that could see them lose assets.
According to the scam alert team, five of the most popular fraudulent schemes scammers tend to adopt include phishing DApp exploitation, fake DApp accounts, Impersonation, token name variations, and unofficial channels.
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