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New Shiba Inu (SHIB) Scam Targeting Community

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Tue, 22/08/2023 - 10:49
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New Shiba Inu (SHIB) Scam Targeting Community
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Amid the growing excitement surrounding Shiba Inu's Layer 2 scaling solution, Shibarium, there is an alarming rise in scams targeting the SHIB community.

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One such scam has surfaced on the X social media platform (formerly known as Twitter) under a counterfeit account portraying itself as Shytoshi Kusama, the project lead for Shiba Inu.

The imposter account falsely claims that "Shibarium scaling is complete" and urges users to "bridge over to Shibarium to redeem your rewards" using a dubious link.

This fraudulent attempt aims to exploit the community's enthusiasm for the recent mainnet launch of Shibarium. The real Kusama updated the community recently, emphasizing that the Shibarium project is navigating through technical challenges and currently remains in private mode.

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To help the community differentiate between genuine and counterfeit accounts, it is worth noting that the authentic @ShytoshiKusama Twitter account prominently features a SHIB label, which is the logo of the Shiba Inu cryptocurrency. Moreover, the genuine account provides official updates and avoids directing users to external sites without prior official announcements.

Members of the cryptocurrency community are urged to exercise caution and always verify sources before making any transfers or sharing personal data.

Authentic platforms and spokespeople will never ask users to deposit their funds to participate in giveaway events.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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