TL;DR
- The Shiba Inu team warned of scammers promoting a fake Treat token.
- Wrongdoers also target Shiba Inu community members on Telegram with fraudulent airdrops and impersonation schemes designed to steal personal data or funds.
The āMisleading Tacticsā
Shiba Inu ā the self-proclaimed Dogecoin killer ā has a vast community of holders, proponents, and developers. As such, it is no surprise that members often become targets for bad actors.
The Shibarium Trustwatch team recently sounded a note of caution about a fake X account which presents itself as a legitimate project and promotes certain services with Treat.Ā
āThe team behind this has no involvement with the Shib ecosystem, and the token theyāre promoting will not be used in any official Shib projects,ā the warning reads.
Shibarium Trustwatch claimed the scammers employ a āpositive narrativeā to con individuals and offer investments that include a token that has yet to see the light of day. āAlways double-check information and invest wisely,ā they advised.Ā
This is not the first time wrongdoers have gone on the hunt using fake Treat tokens as bait. Such a threat was witnessed nearly a month ago:
āThis is a reminder that some groups are pushing a fake Treat token claiming to be part of the Shiba Inu Ecosystem.Ā PleaseĀ remember,Ā the official Treat token has NOTĀ been released yet. Any token claiming otherwise is a scam designed to deceive you.ā
Telegram Users Beware
SHIB community members using Telegram as a messaging platform have also been marked by scammers. Not long ago, the team warned that fake groups on the app offer malicious airdrops, instructing the Shibarmy to stay away.Ā
āThey will drain your wallet content. Stay safe, Shibarmy, and keep your eyes open,ā the alert reads.
Prior to that, there was a similar warning, claiming that bad actors present themselves as legitimate individuals or entities only to find an opportunity to drain peopleās wallets once connecting them via the messaging app:
āIt has come to our attention thatĀ there are scammers operating on Telegram DMs, targeting unsuspecting usersĀ Shiba Ecosystem & Shibarium Tech group. These scammers may pose as legitimate individuals or organizations, attempting to deceive you into sharing personal information, financial details, or even sending them money.ā
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!