The Shibarmy Scam Alert account on the X platform has issued a warning to the Shiba Inu (SHIB) community as scammers continue to impersonate the project’s development team members. According to the post, a fake account of Shytoshi Kusama, the Shiba Inu lead developer has appeared on social media.
SHIB Army Must Remain Cautious
The post revealed the fake new Kusama account, likely part of a phishing or fraudulent attempt to trick SHIB holders into visiting fake websites and stealing their funds. The scammers may also request personal information that could be used to access and withdraw the victim’s funds.
🚨SHIBARMY WARNING:🚨@X
Another Fake account
Impersonators/Scammers who often create accounts so they can provide misleading information to create doubt, misdirect you to fake websites or even obtain details about your lives, which they can then utilize maliciously against… pic.twitter.com/NMOjzRj6l4
— Shibarmy Scam Alerts (@susbarium) May 1, 2024
However, the tweet advised the SHIB army to remain cautious and be connected to officials linked to cryptocurrency projects. Shiba Inu holders should be aware that no one will ever request their details or ask for their wallets to be synchronized via private messages.
Earlier in the week, the SHIB community also received a warning regarding Kaal Dhairya’s account. The Shiba Inu development team members discovered a social media account on Telegram impersonating the top SHIB developer.
Shiba Inu: A Memecoin With Serious Potential
Shiba Inu, dubbed the “Dogecoin (DOGE) killer,” has seen its share of volatility. With a current price of $0.00002304, it showcases its potential for explosive growth amid the cryptocurrency fervor. This performance highlights SHIB’s resilience and growing popularity among investors looking for high-reward opportunities.
With its surge, SHIB has demonstrated the power of community and marketing to drive value. This sets a precedent for Koala Coin (KLC), which aims to harness a similar spirit of unity and enthusiasm. Koala Coin is offering an avenue for investors seeking significant returns.
While the quest for Shibarium upgrade has continued to grow. Additionally, the adoption for the token has also gone mainstream. The serious potential was also highlighted in an earlier BGEcrypto report that Robinhood expanded its support for Shiba Inu trading on its platform to New York residents.
