Shiba Inu users warned about scammers targeting community members
TL;DR Breakdown
- Shiba Inu has warned its users to refrain from interacting with scammers on Telegram.
- The community handle also warned users to desist from selling their handles to scammers.
- Analysts tip Shiba Inu for a breakout amid a downward spiral after selling pressure.
Susbarium, the account dedicated to Shiba Inu and all things related to the ecosystem, has sounded a note of warning to its users about scammers targeting them. According to the account, bad actors are now purchasing trusted Telegram names, using them to carry out their illicit activities against Shiba Inu users.
The account mentioned that these malicious entities go as far as bidding high prices for verified Telegram handles. They bid for these usernames because they are highly important in the crypto community due to the trust and their reputation. After buying these handles, the scammers then proceed to impersonate the verified handle, allowing them to carry out fraudulent activities targeting unsuspecting members of the Shiba Inu community.
Shiba Inu warns users to beware of targeted scams
According to Susbarium, users need to be wary about responding to private messages requesting username purchases. These direct approaches are in line with their fraudulent intentions, with some scammers even going as far as convincing some users to carry out off-platform deals. These deals carry additional risk as they lack official protections and oversight.
According to the account, there has been a rise in fake Shibarium accounts on Telegram, urging users in the community to be careful of the accounts that they interact with. In addition, it also warns that some of the fraudulent accounts share a resemblance with the official project. In the warning, the account mentioned that the impersonators share malicious links that are meant to compromise a user’s system.
Malicious links sent by the impersonators usually redirect victims to fraudulent websites that look like the original, making it easy for the criminals to steal from their victims. With this development, community members have been urged to authenticate any account they are dealing with before carrying out any crypto-related activity. Official project accounts will typically display badges or acknowledgments from known community leaders, a feature that the impersonators do not have.
The warning also covers fragmented transactions, with users urged to think about the implications of selling their verified usernames before making the moves. Most times, the outcome outweighs the financial benefits that users will get from doing so. This warning also comes amid several warnings that have been shared across different crypto platforms. Scammers are now adapting to the change in technology, using it to carry out their malicious activities.
Meanwhile, Shiba Inu is presently trading around $0.00001293, with the token down by 0.07% in the past day. Shiba Inu has faced consistent selling pressure, which has led the price on a downward trajectory. However, analysts are confident that it is poised for a breakout, noting that it has seen renewed attention from buyers in the crypto market. The same sentiment was echoed by another community analyst who says he still maintains a bullish stance.
