Shiba Inu Scam Alert: Unmasking the Fake ShibaSwap

• Shiba Inu community on alert as @susbarium warns of potential scams targeting SHIB holders.
• Fake ShibaSwap website raises concerns, prompting caution among users to avoid fraudulent links.
• Scammers target newcomers in the crypto space, with warnings about fake Shibarium Tech account.

The Shiba Inu community is being cautious as @susbarium, a group dedicated to protecting SHIB holders from scams, issues alerts about potential fraudulent activities. With the continuous growth of Shiba Inu and its increasing popularity, scammers and bad actors are attempting to exploit the situation by defrauding unsuspecting investors.

One of the warnings from @susbarium pertains to a fake ShibaSwap website. The community is advised to be cautious and avoid clicking on any suspicious links that could lead to the theft of funds. ShibaSwap, launched in July 2021, is a decentralized finance (DeFi) platform offering various services like staking, liquidity pools, and yield farming. The fake website imitates the features of the original ShibaSwap DEX, making it important for users to remain vigilant and recognize the differences, particularly in the domain address.

Shiba Inu scams on the rise

It seems that these scams often target newcomers in the crypto space, as Shiba Inu’s attractiveness to new investors has been noted. @Susbarium also alerted the community to a fake Shibarium Tech Telegram account, emphasizing that it has no affiliation with Shiba Inu. Additionally, the community is advised to be cautious of fake emails pretending to be from Coinbase, encouraging users to click on links to secure their accounts and falsely claiming changes to associated phone numbers.