Shibarium Trustwatch Warns Shiba Inu Community

Shibarium
Trustwatch,
a
watchdog
for
the
Shiba
Inu
community,
has
once
again
issued
a
warning
aimed
at
protecting
SHIB
users
from
the
ever-present
threat
of
online
scammers.
The
alert
revolves
around
unsolicited
requests
for
emails
concerning
SHIFU—an
associated
meme
coin—purchases
or
claims.
The
Shiba
Inu
community
is
urged
to
exercise
caution
in
sharing
personal
details
and
to
seek
verification
only
through
approved
channels.

The
specifics
of
the
scam
involve
fraudsters
soliciting
emails
from
their
targets
under
the
guise
of
providing
assistance
in
purchasing
or
claiming
SHIFU
or
addressing
issues
where
SHIFU
fails
to
appear
in
the
targeted
individuals’
wallets.
Shibarium
Trustwatch
has
advised
community
members
to
remain
vigilant,
eschew
sending
emails
to
unknown
entities,
and
to
refrain
from
sharing
personal
information.

SHIFU,
a
Shiba
Inu-themed
meme
coin,
was
introduced
to
the
market
in
early
December
by
principal
developer
Shytoshi
Kusama.
It
is
currently
available
for
trade
on
select
decentralized
exchanges,
but
major
platforms,
including
Binance,
have
not
yet
listed
the
coin.

In
a
recent
move
to
bolster
community
engagement,
the
meme
coin
project
initiated
a
special
airdrop
event
involving
the
distribution
of
30%
of
SHIFU’s
total
supply—equivalent
to
30
billion
SHIFU—to
the
community.
Of
this,
22
billion
SHIFU
will
be
allocated
to
holders
of
at
least
100,000
SHIB
and
100
BUBBLE.
Eligible
LEASH
holders
will
receive
2
billion
tokens,
while
fortunate
BONE
owners
will
get
1
billion
coins.
The
remaining
70%
of
the
supply
will
be
used
for
liquidity,
public
pre-sale,
treasury,
and
market
initiatives.

Shiba
Inu’s
extensive
community
base
makes
it
a
prime
target
for
unscrupulous
actors.
Last
month,
Shibarium
Trustwatch
warned
against
individuals
promising
services
involving
the
meme
coins
SHI
and
TREAT.
The
watchdog
stated
that
these
tokens
weren’t
live
yet
and
encouraged
users
to
follow
the
official
accounts
of
Shiba
Inu,
Shytoshi
Kusama,
Kaal
Dhairya,
and
Treat
for
accurate
information.

In
a
subsequent
warning,
Shibarium
Trustwatch
noted
that
malicious
actors
were
impersonating
Shytoshi
Kusama
in
fake
groups
to
promote
fraudulent
tokens.
Such
repeated
incidents
of
fraud
underscore
the
importance
of
vigilance
and
the
need
for
members
of
the
Shiba
Inu
community
to
rely
on
official
channels
when
dealing
with
transactions
involving
SHIB
or
associated
meme
coins.