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HomeCrypto NewsMarketShiba Inu Team Member Issues Warning About New Scam Targeting SHIB

Shiba Inu Team Member Issues Warning About New Scam Targeting SHIB


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Shiba Inu marketing specialist draws public attention to a SHIB scam scheme targeting centralized exchanges and portals, calling for increased scrutiny.

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As the crypto industry attracts more attention from retail and institutional investors alike, unscrupulous individuals continue to deploy new scam schemes to target unsuspecting users. One of the latest schemes involves a scam approach targeting centralized exchanges by individuals claiming to be from the Shiba Inu (SHIB) team.

Lucie, a Shiba Inu marketing specialist, drew public attention to this scheme in a tweet today. Lucie advised centralized exchanges and portals to verify that any individual approaching them is really part of the Shiba Inu team. “This is extremely important,” she exclaimed.

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Lucie further shared the official Linktree page of the Shiba Inu ecosystem, which contains official links to all things SHIB, including the Shiba Inu Ecosystem Portal, ShibaSwap, Shibarium Beta, Metaverse, Shiboshis, and social media accounts. 

Addressing exchanges such as Binance, Crypto.com, Robinhood, and Kraken, Lucie clarified that several individuals had been removed from the Shiba Inu team. Consequently, she charged these entities always to verify their sources.

New Shiba Inu Scam Scheme

Lucie’s recent warning comes on the back of disclosure from Susbarium, the community-driven account dedicated to exposing scams related to the Shiba Inu ecosystem. Susbarium drew public attention to an individual alleged to have contacted exchanges, claiming to be a SHIB team member. 

Named Farhan Aslam on LinkedIn, the individual claims to be a “Head of Operation at Shiba Inu.” According to his LinkedIn profile, he has allegedly worked as a Shiba Inu official since August 2020, the month SHIB launched. 

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Susbarium revealed that several exchanges had filed reports, noting that individuals like this had approached them. The exchanges claim the scammers are offering them Shiba Inu tokens on other chains, including Fantom and Binance Smart Chain (BSC). 

Notably, Ragnar, a Shibarium Telegram admin, warned about these fake Shiba Inu tokens on other chains, as The Crypto Basic reported last month. Like Ragnar, Susbarium emphasized that Shiba Inu ecosystem tokens only exist on Ethereum. Other versions of SHIB are merely wrapped tokens with wormhole addresses.

Investors Should Remain Cautious

There’s no shortage of scam schemes in finance, and the crypto industry is not exempt. The Shiba Inu ecosystem has also become a target for these unscrupulous individuals. Consequently, investors and Shiba Inu proponents must remain cautious and not click suspicious links or entertain unverified individuals.

Last month, a fake account impersonating Shytoshi Kusama, the anonymous Shiba Inu lead, announced a fake rollout of “Shibarium Testnet V2.” Another fake Kusama account surfaced in March, seeking to target unsuspecting users. Moreover, in April, some investors lost assets to a fake Shibarium website placed on Google. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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