Crucial Security Alert Published by SHIB Team – Beware of Scammers

SHIB-affiliated X account @susbarium has addressed the Shiba Inu community with a crucial security alert. This warning was again about fake accounts on social media, but this time it is about people who impersonate SHIB group administrators.

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Important security warning to SHIB army

In the warning, the SHIB team stated that scammers are impersonating moderators/admins from Shiba Inu groups. The screenshot shows the Telegram app, but the alert might also include Discord.

Impersonators ask group members to give them their wallet addresses in exchange for fake whitelist privileges. If users connect their wallets to the websites offered by scammers, the fraudsters “exploit access to drain tokens from your wallet,” the tweet states.

The @susbarium post then offers a short list of measures that SHIB holders should take to avoid being scammed and losing their cryptocurrency holdings.

The SHIB team warns that there “no whitelist privileges for moderators/admins” that they can provide to users. The second piece of advice is that users should “always verify official accounts and communications before engaging” in any suspicious activity with “SHIB group admins.”

The final piece of advice is that it is crucial to “report any suspicious activity promptly.”

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Ryoshi says hello through years

Earlier today, another X account linked to the Shiba Inu developer team shared a tweet, in which it quoted the mysterious founder of SHIB, known under the alias Ryoshi.

In this statement, the SHIB creator speaks about his dream to “to build something decentralized that could grow into a full-on ecosystem powered by the people.” Over time, Ryoshi continues, “the Shiba ecosystem will evolve beyond imagination.” He then mentioned that BONE token will power not only the layer-2 solution Shibarium but also decentralized applications (dapps) “and more.”

Ryoshi chose to disappear from the public space in May 2022. He deleted all of his social media posts, but before that, he published a tweet, bidding farewell to the community. Upon his departure, Shytoshi Kusama was left at the steering wheel of the project – an early SHIB investor who managed to stay at the head l of the project as its lead.

The SHIB team launched Shibarium in August 2023 and is currently busy developing the layer-3 network that will run on top of it and will be powered by the TREAT token.