SHIB investors should be alert, groups running on Telegram can be fraud

In a 50-second video tweeted to its 2 million followers, the SHIB Investors team explains the scam that is being shared on social media by a fake Shiba Telegram group.

The Shiba Inu, a cryptocurrency that has been steadily gaining popularity, has alerted its investors about a scam. The official Twitter account of the Shiba Inu has alerted SHIB investors about a scam that is taking place on the messaging app Telegram. Cybercriminals are collecting posts about SHIB giveaways and bonus tokens. Trying many more methods and then copying the official accounts of Shiba Inu and replying to the general post related to SHIB. SHIB investors are advised not to share wallet keys with any strangers.

In a 50-second video tweeted to its 2 million followers, the SHIB team explains the scam that is being shared on social media by a fake Shiba Telegram group. They target users’ hashtags #shib, #shibarmy, #leash, #shibaswap, #bone. The SHIB team has also informed its followers that there are no major events planned for SHIB as of now and there are no token airdrops or giveaways.

SHIB investors should be alert, groups running on Telegram can be fraud

In the video, investors have been asked not to give their e-mail address or password to anyone. Do not join scam telegram groups. Do not send any tokens to scammers. Do not reply to fake accounts on social media. block them. Report about them and be alert.

Reacting to the video, Twitter users lauded the SHIB team for proactively bringing up the issue. It is not yet clear whether anyone has been harmed due to this scam.

Launched in August 2020, the Shiba Inu token was created by an unnamed person under the fake name Ryoshi. Modeled after DodgeCoin, SHIB’s mascot is a cartoon form of the Japanese breed of dog Shiba Inu. The SHIB token gained popularity after registering a rise of 50 percent. According to a report by WatcherGuru, on October 25, it became the 11th largest cryptocurrency by market value.

According to the Gadgets 360 price tracker, each Shiba Inu token is currently trading at $0.003279 (approximately Rs.0.000044). America’s famous movie theater chain, AMC Theaters is also looking at taking Shiba Inu tokens as a payment option.

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