Watch Out: Shiba Inu (SHIB) Team Issues a Crucial Warning to the Community
2024-12-19
Category: None

TL;DR
Beware, ShibArmy
Shibarium Trustwatch recently issued another important alert concerning the Shiba Inu community. The team cautioned that scammers request victims to send them an email containing information about the meme coin SHIFU.
“Fraudsters are asking people to send them an email asking how to buy and claim SHIFU or if SHIFU has not appeared in their wallet,” the warning reads.
The team advised people to remain vigilant and not send emails to anyone. Verifying information through official channels and avoiding sharing personal details is also a must.
SHIFU is a dog-themed Shiba Inu-related meme coin introduced by the lead developer, Shytoshi Kusama, at the beginning of December. While it is available for trading on certain decentralized exchanges, major platforms like Binance have not yet listed it.
Earlier this week, the meme coin projectlauncheda special airdrop. The team revealed that 30% of the token’s total supply (equaling 30 billion SHIFU) will be distributed to the community. 22 billion SHIFU will reach some of those holding at least 100,000 SHIB, and 100 BUBBLE. 2 billion tokens will be allocated to eligible LEASH holders, whereas lucky BONE owners will get 1 billion coins.
The remaining 70% of the supply will be distributed for other purposes such as “liquidity and public pre-sale,” treasury, and market initiatives.Previous Warnings
Shiba Inu has one of the largest community bases, which explains why fraudsters often target it. Last month, Shibarium Trustwatchcautionedusers to stay away from dubious individuals who offer services with the meme coins SHI and TREAT.
The team said the tokens are not live yet, advising people to follow the official X accounts of Shiba Inu, Shytoshi Kusama (the pseudonymous leading developer of the meme coin), Kaal Dhairya (another prominent developer), and Treat for more clarity on the matter.
A few weeks later, Shibarium Trustwatch maintained that bad actors use Shytoshi Kusama’s name to promote fraudulent tokens in fake groups.
“Always verify the authenticity of any group or token before participating. Stay vigilant and protect yourself and others from these scams,” the warning reads.