The Shiba Inu team has issued a crucial warning to its community, alerting them to the presence of fraudulent groups seeking to exploit the trust of members of the SHIB community for personal gain. This warning message from the team comes as cryptocurrency got another major listing milestone.
SHIB Team Warns Against Scams
The Shiba Inu team has called for increased vigilance against scams targeting members of the community. In a recent article from X (formerly Twitter), Shibarmy scam alertsa social network dedicated to revealing scams, published a severe warning regarding the multiple scam attempts observed on the social media platform Telegram.
The scam tracker urged community members to be wary of fake or fraudulent groups. pretending to be legit Shiba Inu channels on Telegram. They revealed the tactics employed by these deceptive channels, including “promising giveaways, exclusive content, investment opportunities, and offering assistance with transaction issues to deceive unsuspecting community members.” .
Aside from Telegram, the Shiba Inu community has also seen an increase in fraudulent activity via scammers targeting community members using spoofing tactics or similar phishing attacks.
While informing Shiba Inu members of these latest scam attacks against the community, Shibarmy Scam Alerts also outlined various ways in which SHIB community members can protect their privacy and security. The SHIB tracker highlighted the importance of verifying the authenticity of Telegram groups by checking verification badges and announcements from trusted sources.
Additionally, the team emphasized the importance of avoiding suspicious links and refraining from sharing wallet addresses in public chat rooms to reduce the likelihood of becoming a primary target for malicious attackers. Finally, Shibarmy Scam Alerts urged users to stay informed about security alerts and adhere to best security practices, such as reporting any suspected fraudulent activity to the appropriate authorities.
Shiba Inu is listed by Crypto Exchange Nexo
Amid efforts to combat attempted fraud within the Shiba Inu Community, the cryptocurrency celebrates a new milestone by obtaining listings on major exchanges. Nexo, an all-in-one crypto platform based in Switzerland, announcement in an article on X on May 7, it officially integrated Shiba Inu into its crypto offerings.
In its post, the crypto exchange praised SHIB’s impressive growth over the years, highlighting the important role that the Shiba Inu community, including its developer and dedicated supporters, has played in the development of the SHIB ecosystem.
This listing also comes as demand for Shiba Inu in the broader crypto market is growing at a rapid pace. Including Nexo, over 50 other crypto platforms or exchanges have listed SHIB, as Binance, Robin HoodBitget, and recently, Bitcoin.com.au.
SHIB price drops below $0.000023 | Source: SHIBUSDT on Tradingview.com
Featured image from CoinMarketCap, chart from Tradingview.com
