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Shiba Inu team raises concern of scam; community warned not to share private keys

Posted on by admin
22
Nov
  • Shiba Inu team warns its community about an ongoing scam that is targeting SHIB holders.
  • After an impressive weekend in which it led the market, SHIB has since dropped off and has wiped off nearly 6 percent.

The Shiba Inu team has called the attention of the general public to an ongoing scam, ripping people off their funds. In an announcement posted on Twitter on the 21st of November, the team noted that the scam is going on via different social media platforms. Additionally, the group said that the scammers are also deceiving people on other communication platforms. 

Scam alert: Shiba Inu team addresses the situation

In the announcement, the Shiba Inu team called the public’s attention to a fake Shiba Telegram group that is being shared on social media. The fraudsters are impersonating the official accounts for the cryptocurrency while creating fake users. Also, the scammers are replying to general posts. To lure the victims, the imposters target hashtags: #SHIB, #SHIBARMY, #LEASH, #SHIBARMY, and #BONE. 

Notably, the scammers have been calling on the community and announcing a “BIG EVENT” for the Shiba Inu community with the team expecting the people to “take a part” in it. Sending out warnings against the recent scam, the Shiba Inu community stated:

THERE IS NO: SHIBA BREAKING NEWS! BIG EVENT! THERE IS NO: SHIBA AIRDROP! THERE IS NO: SHIBA BONUS! THERE IS NO: SHIBA GIVEAWAY! THERE IS NO: SHIBA GIFT GLOBALLY!

According to the official Twitter account for the SHIBA ecosystem, the community is advised to “stay alert.” Also, the team warned that no one should share private details about their account, such as their wallet keys. Such details are personal and not to be disclosed to anyone. The team further advised that no one should share their email addresses or passwords with anyone. Furthermore, the Shiba Inu community should not join the scam Telegram groups nor send tokens to the scammers. The warning further stated:

DO NOT REPLY TO THE BOTS OR FAKE ACCOUNTS ON SOCIAL MEDIA. BLOCK, REPORT, AND STAY ALERT.

At press time, SHIB is down 6.95 percentage to $0.00004337 after a rather impressive weekend. The cryptocurrency has also declined 28.61 percentage in its 24-hour trading volume. Shiba Inu has found its way to list on different crypto exchanges over the past months. The digital asset trades on popular crypto exchange platforms such as Binance, Coinbase, and Crypto.com. 

Related: Shiba Inu and Avalanche lead market recovery as Cardano flips Ethereum in transaction volume

Petition to list SHIB on Robinhood

To expand its reach further, there is a petition to list SHIB on Robinhood. According to the petition, Robinhood should enjoy the opportunity to be the first traditional brokerage to onboard SHIB. Currently, the petition has nearly 538,000 signatories, aiming for 1,000,000. Commenting on the increasing number of signatories, the creator of the petition, Tristan Luke, wrote an update:

In this update, I thought it might be helpful to focus on milestones. We are close to reaching 1 million unique Shib wallets. Considering the short time this token has been in existence, that’s good.

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