Shiba Inu Team Warns of Rising Scam Threats Amidst Market Instability

The Shiba Inu team has issued a critical security alert, warning investors about a surge in scams targeting its token holders, particularly on platforms like Discord. These scams focus on impersonation and phishing attempts, highlighting the growing threat to investor safety in the cryptocurrency market. 🔒 Lucie, the team’s marketing lead, has been actively raising awareness through her X account, urging community members to verify communication channels before engaging with any suspicious links or activities. 📣 The Shibarium Trustwatch program plays a vital role in identifying and reporting these scams within the Shiba Inu community. 🔎 While there haven’t been reports of protocol or treasury fund losses, the team emphasizes on-chain data indicating a significant decline in average SHIB holding time, possibly due to increased risk avoidance and scam activity. Despite this, overall liquidity for Shibarium remains unaffected. The warning echoes past phishing campaigns targeting the community, prompting proactive efforts from the Shiba Inu team to educate users and prevent future harm. 📚 Experts and official sources emphasize staying vigilant by only interacting with verified Shiba Inu channels. This situation underscores the importance of ongoing vigilance in the cryptocurrency landscape as malicious actors exploit market uncertainties for their own gain.