Beware of "free" Shiba Inu tokens – they're often scams designed to steal money.

New Shiba Inu Security Risk

Shiba Inu token holders face a rising security threat involving sophisticated phishing schemes targeting legitimate token airdrops. These attacks involve sending real Shiba Inu tokens to wallets, enticing users to connect their digital wallets to fraudulent websites. Shibarium Trustwatch has issued an urgent warning to the SHIB community about these scams.

How the Phishing Scheme Works

The scams use seemingly genuine token airdrops with hidden messages that redirect users to fake websites mimicking official Shiba Inu platforms. Upon connecting their wallets, fraudsters gain instant access and drain funds. These fraudulent sites are unrelated to the legitimate Shiba Inu ecosystem and can cause irreversible damage.

Protecting Your Shiba Inu Assets

Users are advised to disregard messages embedded in tokens and avoid connecting wallets through unsolicited tokens. Always verify information through official Shiba Inu social media channels and exercise due diligence. Implementing security measures like two-factor authentication and using hardware wallets can also strengthen protection.

Ongoing Scam Patterns

This latest attack follows a pattern of fraudulent accounts impersonating supporters and promoting fake tokens, often exploiting platforms like HypeIt. Scammers also impersonate community members on platforms like Telegram and propagate misinformation regarding tokens like LEASH, which exists exclusively as an ERC-20 token.