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The Shiba Inu (SHIB) community, sometimes referred to as the SHIB Army, has received an urgent warning to protect their assets. In a post on X by Susbarium, a platform dedicated to exposing scams, the community has been alerted to a phishing email scam.
Fake Exodus Wallet email circulating
According to Susbarium, there is an ongoing phishing email impersonating “Exodus Wallet.” The content of the email tries to create panic in recipients to keep their wallets active. However, Susbarium maintains it is just a scare tactic.
It highlighted that the message contains a fake link urging users to "verify" their wallets or, in some cases, enter their seed phrase. It noted that by clicking on the link, the malicious actors could compromise the wallet and steal their assets.
The platform has warned users to ignore the message as crypto wallets do not need to be kept "active." Additionally, it noted that Exodus Wallet will never request users for their seed phrase. Susbarium stressed that such requests only come from scammers trying to steal funds.
It also reminded the SHIB Army never to click on any email links or contact numbers in such messages. Susbarium maintained that Exodus Wallet has no customer support phone number, and any information should be obtained at the official website.
Phishing scams spike in crypto community
Malicious actors have consistently used phishing scams to defraud unsuspecting crypto asset holders of their funds. In October, scammers stole $35 million worth of crypto from a user who fell victim to their tactics.
The malicious actors exploited the "permit" option, which was introduced with Ethereum Improvement Proposal (EIP) 2612, to carry out the fraud.
Interestingly, scammers exploit users' ignorance to carry out these scams. Hence, industry stakeholders have continued to guide crypto users on how to safeguard their accounts and wallets from these malicious actors.
Vladislav Sopov
U.Today Editorial Team