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HomeCrypto NewsMarketShiba Inu Security Outfit Issues New Crucial Warning to SHIB Holders

Shiba Inu Security Outfit Issues New Crucial Warning to SHIB Holders

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Shiba Inu official scam alert channel, Susbarium (alias Shibarium Trustwatch), has issued a new security warning about an ongoing phishing scam targeting members of the community.

In the message, Susbarium warned the community about a malicious website designed to drain the wallets of unsuspecting Shiba Inu investors. 

Key Details of the Scam 

According to Susbarium, the fraudulent domain, https://app-shib-io.pages.dev/snapshot, has been designed to look identical to Shiba Inu’s official portals, including ShibaSwap and Shib.io. 

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The rationale behind cloning the visual layout of official platforms is to make the malicious website appear legitimate, effectively tricking users into connecting their wallets.

Notably, scammers behind such platforms use fake promotions and offers such as presales, bonuses, and cross-chain swaps to lure users into connecting their wallets. 

Once connected, the scammers would automatically gain access to the wallet, effectively draining users’ funds without further consent. 

Shib.io Remains the Official Hub of Shiba Inu Ecosystem 

Meanwhile, Susbarium reiterated that Shib.io remains the only legitimate platform for the Shiba Inu ecosystem. It emphasized that the broader Shiba Inu community and ecosystem developers have verified the platform. 

The Shib.io platform serves as the official hub for all Shiba Inu ecosystem tokens, including LEASH, BONE, SHIB, and TREAT, as well as ShibaSwap and other official initiatives. 

Recurring Shiba Inu-Related Scams 

Meanwhile, the alert channel warned that scammers are also impersonating official admins and moderators across social media platforms. This trend has been ongoing for several years, with Susbarium reporting this malicious practice.

In 2023, scammers promoted a fake SHIB giveaway via an X account impersonating lead developer Shytoshi Kusama. 

Susbarium also warned users about fake accounts impersonating Shiba Inu’s developers on Telegram in June 2024. Besides alerting users about impersonation scams, Susbarium has consistently highlighted other malicious activities targeting unsuspecting users. 

Earlier this year, Susbarium reported that scammers had launched different ShibaSwap websites to drain users’ assets. 

Tips to Stay Safe 

In the meantime, Subarium outlined safety tips to help protect users against the latest phishing scam and related attempts. It advised users against connecting their wallets to unverified or suspicious platforms. 

Since scammers often use lookalike domain names, Shiba Inu community members are urged to always double-check URLs before clicking on links. Users who have already interacted with malicious platforms are advised to use revoke.cash to revoke token approvals and permissions immediately. 

In addition, Susbarium advised users to report any phishing website to their wallet providers or the browser’s security team and to follow only official channels across various social media platforms, including X, Telegram, and Discord. 

DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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