Shiba Inu Watchdog Issues Urgent Warning as Scammers Exploit SHIFU Token

The Shiba Inu ecosystem faces yet another scam attempt as Susbarium, the trusted ecosystem watchdog, issues a new scam alert on Thursday.

The latest alert flagged a fraudulent post claiming to offer SHIFU token rewards to users who register within a 24-hour window. The fake announcement shared via X directed users to a suspicious website and urged them to “act quickly” to claim rewards.

Warning for the Shiba Inu Army

According to Susbarium’s warning, the disclosure is a phishing attempt to deceive users and steal their assets. The post included an image featuring the SHIFU branding, a token of Shiba Inu’s gaming project, Play With Shib. However, the watchdog clarified that the post was not from an official or credible source. 

“Always verify information through official channels and avoid sharing personal details,” Susbarium stated in its tweet.

Official SHIFU Rewards Details

The legitimate SHIFU token initiative is part of a partnered airdrop between Play With Shib and Imaginary Ones to reward participants within the Play-to-Earn ecosystem.

Earlier this month, Shiba Inu lead developer Shytoshi Kusama announced a tournament for Shiba Eternity that offered incentives such as 500 BONE and SHIFU airdrop points. 

The competition ran from November 29 to December 2. It allowed participants to win BONE and earn SHIFU points, boosting eligibility for the upcoming airdrop. This event is part of efforts to engage players with Shiba Eternity’s Web3 beta ahead of its mainnet launch. The game is still in beta, with no set date for the full launch.

Shiba Inu ecosystem official platforms will communicate any announcements regarding SHIFU rewards or related events.

Scammers Target the SHIB Army as the Ecosystem Expands

The Shiba Inu community has long been a recurring target for scammers due to the project’s popularity and active user base. As Shiba Inu expands its ecosystem with projects like Shiba Eternity and the SHIFU token, the risk of fraudulent schemes has also grown.

Kusama recently exposed how scammers exploit his interactions with the SHIB community. Scammers have been buying accounts he follows on X and using them to promote fake tokens, especially TREAT, by impersonating influencers. 

Kusama stressed the importance of relying on official channels for information. Emphatically, the Shiba Inu team continues to warn users about fraudulent TREAT tokens, emphasizing that they are not yet live for trading.