Users should be aware of these scams

TL;DR

Shibarium Trustwatch warns SHIB holders of fake gifts, phishing emails and scam social accounts during the holidays. Users are warned to avoid sending emails about SHIFU tokens and are urged to verify information through official channels. “Protect yourself this Christmas”

Despite the festive season, scammers don’t have days off and are always on the lookout for new victims. One particular group in the cryptocurrency industry that bad actors attack quite regularly is the Shiba Inu (SHIB) community.

A few days ago, Shibarium Trustwatch (an X account that purports to provide security) alerted users to be very cautious about several common crypto scams. The first is freebies, which offer “free” tokens, goods, or NFTs. “Remember that free things are never really free: providing personal information puts you at risk,” the team warned.

Second, the community should be aware of phishing emails. Scammers often send emails to victims, claiming to be from official SHIB-related projects, thus attempting to steal their login credentials.

Next on the list are social media accounts. The team warned that fraudsters create fake profiles on social media platforms posing as influencers, developers or official accounts offering tempting offers. “Check the handles and avoid direct messages offering quick profits,” warned Shibarium Trustwatch.

Ponzi schemes, fake charity appeals, bogus customer support and malicious links are the other things the SHIB community should be wary of.

“Providing personal information or falling for these scams not only puts you at risk, but can lead to your data being sold on the dark web, where hackers can use it for identity theft or other malicious activities. Scammers exploit trust, kindness and generosity, especially during the holiday season, so we must remain vigilant.

Let’s keep Shibarmy strong and safe this holiday season. Be careful, protect your crypto and share the love responsibly. Nothing in life is free. Even things that seem free often come with hidden costs or risks,” the team concluded.

The SHIFU notice

Earlier this month, Shibarium Trustwatch issued an alert about the meme coin SHIFU. The team claimed that bad actors ask victims to send them an email with information about the witness:

“Scammers are asking people to email them asking how to buy and claim SHIFU or if SHIFU hasn’t appeared in their wallet.”

Shibarium Trustwatch advised users to stay away from this scheme and not to send emails to anyone. It is also necessary to verify information through official channels and avoid sharing personal data.

SHIFU is a dog-themed meme coin within the Shiba Inu ecosystem, which was introduced by Shytoshi Kusama earlier this month. Although it can be found on certain decentralized exchanges, major crypto platforms such as Binance have not yet accepted it.

A few weeks ago, the meme coin project launched a special release. The team announced that 30% of the total supply of SHIFU (30 billion tokens) will be allocated to the community. Of this, 22 billion SHIFU will go to holders with at least 100,000 SHIB and 100 BUBBLE. An additional 2 billion tokens are set aside for eligible LEASH holders, while BONE holders will receive 1 billion tokens.

The remaining 70% of the supply will be reserved for other purposes, such as “liquidity and public pre-sale”, treasury funds and marketing efforts.

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