As a seasoned crypto investor with years of experience under my belt, I can’t stress enough the importance of staying vigilant in this fast-paced and ever-evolving world of digital assets. The recent advice from Shibarium Trustwatch about being cautious when interacting with dubious individuals promoting random tokens is a stark reminder of the need to protect ourselves from scammers lurking around every corner.
TL;DR
- Users are warned to avoid interaction with individuals who shill “random tokens.”
- Scammers often mimic official SHIB channels and accounts on social media. The community should rely on trusted sources and be wary of new information from unknown accounts.
‘Always Stay Vigilant’
Shibarium’s Security Advisor for X Account – offering guidance to Shiba Inu (SHIB) holders regarding safety matters – has shared another crucial recommendation as the market experiences a surge.
Earlier this week, our team cautioned the community to exercise caution when engaging with suspicious individuals or groups who may be overhyping the ecosystem of meme coins. It was explained in the warning that these unscrupulous actors do so primarily to build trust with their victims, and subsequently promote random tokens they’ve been compensated for pushing.
Additionally, some accounts may win the confidence of Shiba community members, amass followers, and later sell these accounts to fraudsters. Therefore, it’s essential to remain cautious, verify information, and safeguard yourselves, Shibites.
Last week, Shibarium Trustwatch issued another warning to users, emphasizing that the meme coins SHI and TREAT associated with SHIB have not been activated yet. Therefore, it’s crucial for the community to be cautious and avoid falling prey to scammers who falsely claim these coins are active and provide services related to them.
SHI and TREAT are created to enhance the functionality and stability of the Shiba ecosystem. SHI is an algorithmic stablecoin that aims to maintain a consistent value, counter market fluctuations, and function as a means of exchange. Conversely, TREAT is a flexible reward token. It will bolster SHI’s liquidity, take over BONE on ShibaSwap, and participate in the Metaverse and blockchain games related to Shiba Inu.
SHIB Users Often Targeted by Fraudsters
The second-largest meme cryptocurrency boasts one of the largest and most passionate communities, made up of millions of supporters, holders, and advocates.
The coin that’s been labeled as the “Dogecoin killer” generates a lot of attention and press coverage, frequently drawing in novices who might be unfamiliar with securing cryptocurrencies. Moreover, the Shiba Inu community is very active on social media outlets such as X, where imitation is prevalent. Scammers leverage these platforms to disseminate false information rapidly, often pretending to be official SHIB channels or influential figures.
Users of SHIB are encouraged to verify information solely from trusted sources, keep an eye on accounts belonging to prominent developers like Shytoshi Kusama, and approach news from unknown individuals with caution.
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2024-11-12 16:46