Shiba Inu Team Warns of Fake Telegram Channel Promoting Scam

Vignesh Karunanidhi
Shiba Inu Price Prediction (SHIB): November 2023
Source: The Cryptonomist

A member of the Shiba Inu team recently took to Twitter to alert the community about a scam impersonating the project’s official Telegram channel.

Vet Kusama shared screenshots of a fake “Shibarium Tech” Telegram channel. The screenshot shows a scammer posing as lead developer Shytoshi Kusama promoting a fraudulent ShibaSwap testing program.

Kusama warns the Shiba Inu community of fake channel

Kusama warned followers not to use the fake channel or trust any information posted there. He also cautioned that any airdrops offered on behalf of the SHIB team would be an attempt to steal crypto funds.

This scam alert comes as the community has faced increased attacks from fraudsters recently. The team reminded investors that the reward token TREAT has not yet been issued. Therefore, any offers to buy it are false.

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In September, the official Shibarmy Scam Alert Twitter account also warned of fake Shiba Inu dApps stealing tokens and cryptocurrency.

As scams persist, the Shiba Inu team is diligently working to warn investors of the latest threats. Community members are advised to check official sources before trusting any announcements, offers, or links related to the ecosystem.

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Staying vigilant and avoiding unknown programs claiming affiliation can help protect assets against the ongoing menace of fraudsters looking to capitalize on the Shiba Inu brand.