New Coinbase Email Scam Puts SHIB Wallets at Risk, Shiba Inu Warns

The post New Coinbase Email Scam Puts SHIB Wallets at Risk, Shiba Inu Warns appeared first on Coinpedia Fintech News The Shiba Inu community is staring down a new threat and this time, it’s disguised as a trusted name. A fake email, posing as official communication from the Coinbase Compliance Team , is now making the rounds, preying on unsuspecting crypto holders. Its message is simple but sinister: verify your account or risk losing access to your funds. But it’s a trap – and it could cost users everything. Here’s everything you need to know. The Email That Could Drain Your Wallet According to a post by Susbarium Shibarium Trust Watch , a Shiba Inu-focused X account known for tracking scams, this phishing attack is designed to steal personal information under the guise of urgency. The email tells users they must confirm account details or face restrictions on sending, selling, and transferring crypto. But instead of securing their accounts, those who comply are walking straight into a scam engineered to extract wallet credentials, recovery phrases, or both. “This is a scam designed to steal your personal information,” Susbarium warned. WARNING: FAKE COINBASE EMAIL ALERT ShibArmy, stay vigilant! A fraudulent email is circulating, claiming to be from the Coinbase Compliance Team. It urges recipients to confirm their account details or risk restricted access to sending, selling, and transferring crypto.… pic.twitter.com/68wVLM9b9S — Susbarium | Shibarium Trustwatch (@susbarium) June 3, 2025 Red Flags You Need to Know In its alert, Susbarium laid out several immediate steps for SHIB holders to protect themselves: Avoid clicking on links or attachments from the suspicious email. Do not share credentials or seed phrases under any circumstance. Report and delete the message right away. Always verify emails by logging into the official Coinbase website or app directly. This doesn’t come as a surprise. It’s part of a broader rise in phishing attempts targeting crypto users with increasingly convincing tactics. Fake SHIB Reps and Airdrop Scams on the Rise The SHIB community isn’t just dealing with email scams. Susbarium also flagged a surge in impersonator accounts posing as official Shiba Inu representatives, many of which aim to lure holders into clicking fake links or divulging sensitive data. Another growing concern? Fake airdrop offers. These scams promise free tokens in exchange for wallet details or verification – but what they’re really after is access to your crypto. Final Thoughts: Stay Sharp, Stay Safe With scammers upping their game, even seasoned holders need to stay on their toes. The message from Susbarium is clear: question everything, click nothing, and share the warning. The SHIB army has always been tight-knit – now more than ever, protecting the community starts with staying informed.

Source: coinpedia