Shiba Inu (SHIB) Developers Flag Scam Token

The team behind Shiba Inu has issued an important caution to the broader SHIB community, highlighting an increase in fraudulent activity involving counterfeit tokens and deceptive affiliations with the project. A recent alert published via @susbarium, an account affiliated with the Shiba Inu ecosystem, detailed how malicious actors are attempting to exploit the community by launching fake tokens and falsely claiming connections to SHIB. These scams aim to deceive investors by imitating legitimate ecosystem projects. Warning: Unofficial Tokens & Misleading Claims! Certain groups are attempting to exploit the Shiba Inu ecosystem by launching unofficial tokens named as ours and making false claims of affiliation with SHIB. Stay informed and protect yourself by verifying sources and only… — Susbarium | Shibarium Trustwatch (@susbarium) May 1, 2025 Surge in Unofficial Tokens According to the warning, scammers are actively creating tokens that resemble official SHIB assets in both name and appearance. These tokens are not endorsed by the Shiba Inu developers and have no affiliation with the ecosystem. They are often promoted as part of the SHIB project in an attempt to lure in unsuspecting investors. To help users identify legitimate tokens, @susbarium provided links to official resources, including a list of verified SHIB tokens available on the project’s official website. Users are urged to cross-check any token against this list before making any purchases or transactions. The team emphasized the need for diligence, warning users to verify token authenticity before engaging with any new project. Clarifying False Affiliations Beyond counterfeit tokens, the SHIB team also warned of individuals and groups claiming to have official ties to the project without authorization. These entities may use SHIB’s branding or claim partnerships that do not exist to boost credibility. To combat this issue, @susbarium shared a list of officially recognized partners, known as “PartnerShibs,” which users can consult for accurate information. The account made it clear that all legitimate announcements, updates, and partnership details will only be communicated by the SHIB core team or verified developers. Information that comes from unofficial or unknown sources should be approached with caution. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Community members were also reminded to rely on official SHIB social media accounts for updates and alerts. The developers cautioned investors to remain skeptical of unsolicited claims, especially those involving giveaways, new tokens, or endorsements not published through recognized SHIB channels. Additional Security Warning from Binance’s Former CEO In a related development, Changpeng Zhao (CZ), the former CEO of Binance, shared his own warning on digital asset security. The statement followed an incident in which a user was scammed during a fake online job interview that resulted in the loss of their wallet credentials. CZ advised cryptocurrency users to separate their wallet activities from their primary devices. He emphasized the importance of maintaining a dedicated computer for managing digital assets and recommended never granting remote access or installing unknown software when prompted. The Shiba Inu team and industry leaders alike are reinforcing the importance of security and verification. Community members are encouraged to stay informed, avoid unverified claims, and never disclose sensitive personal or financial information without confirming the legitimacy of the request through official channels. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Developers Flag Scam Token appeared first on Times Tabloid .

Source: TimesTabloid