Shiba-Inu Team Issues a Warning ! Here’s What SHIB Traders Should be Aware of

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The post Shiba-Inu Team Issues a Warning ! Here’s What SHIB Traders Should be Aware of appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Shiba Inu has become one of the most talked-about digital assets in recent months, and the team behind it has now claimed that investors have been targeted by bogus accounts with the same name.

Bad actors have started imitating Shiba Inu’s official Telegram accounts and have targeted some of the project’s most popular hashtags, according to a video they posted on Twitter.

The scammers are allegedly advertising breaking news, major events, bonuses, freebies, and airdrops, but Shiba Inu’s crew has rejected all of these claims.

The video cautioned investors to be aware of such offers coming from unverified accounts and encouraged them not to disclose their wallet keys, email addresses, or passwords with anyone.People should also avoid joining suspicious Telegram groups and responding to bots and phoney accounts, according to Shiba Inu’s staff.

Stay Alert & Safe #ShibArmy!

We’ve been made aware of a recent scam, traveling social media, and other communication platforms.

Here’s a quick video to provide more information on the matter. pic.twitter.com/UOh50WsJSQ

— Shib (@Shibtoken) November 21, 2021

At the time of writing Shiba-Inu is trading at $0.0000445, down 51% from it’s all-time high of $0.0000879 set on Oct. 27. SHIB has dropped 0.1 percent in the last 24 hours.

Sanitment, a crypto analytics business, recently published a paper claiming that Shiba Inu may be considered a “blue-chip” among Ethereum altcoins. To put it another way, this dog meme cryptocurrency has garnered a lot of traction in recent months.

“We do not see many signs of panic or sell-offs within selected ERC-20 tokens. People don’t seem to worry about the dump. It makes us suggest we might see a further correction until the holder’s confidence wipes off.”

Shiba Inu (SHIB), hit a big adoption milestone this week, with 1 million wallet holders of its dog-themed meme coin. Total holders of the digital asset have topped 1 million wallets, according to an official Certik audit provided on the Shiba token web site.

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