449,671,393 SHIB Scam Alert Issued by SHIB Team: Details

SHIB-affiliated X account “Susbarium/Shibarium Trustwatch” (@susbarium) has sounded the alarm about a scam post that has been circulating the X social media network recently.

This time, scammers are targeting SHIB, BONE and LEASH holders who have interacted with the Shibarium’s official decentralized exchange (DEX), ShibaSwap, recently. This scam involves bait of almost half a billion SHIB coins.

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Scam alert from SHIB team

According to the X post, the aforementioned scam post calls on all holders of key Shibarium tokens – SHIB, BONE and LEASH – to claim their ShibaSwap rewards that are allegedly expiring soon. This post, @susbarium says, contains a suspicious link and a “screenshot showing a supposed claim of over $6,500 worth of SHIB.” This amount of USD is worth 449,671,393 SHIB.

“This is a classic phishing tactic,” @susbarium notes. Further in the post, three reasons why this post is likely a scam are given. Number one is that such urgency triggers as “claim ends soon” are common for scams. Number two is that “tiny URL links obscure the destination, making it harder to verify legitimacy.” And, finally, number three – “No official Shiba Inu channels have announced such a reward drop.”

@susbarium recommends that the SHIB community protect themselves using the following common methods. They should never click on unverified links that come inside emails or social media posts. They must never connect their wallets to unknown dApps. Crypto enthusiasts should always verify announcements and use only official Shiba Inu channels for that. Finally, they must avoid Telegram groups or X accounts that offer surprise airdrops, rewards or free crypto giveaways.