Shiba Inu The community-driven scam alert channel publishes alerts about a variety of unique formats used by scammers to target innocent users.
Many scams have entered the Web 3.0 ecosystem. That’s why the Shibarmy Scam Alerts account on X lists five different ways community members can be hacked by bad actors today. shared.
Hey there, #Shibizens!
We really want to stress the importance of not connecting your wallet, which holds your precious $Shib $Bone $leash, #Shiboshis, #ShibtheMetaverse, or any other assets, to unknown Dapps. It’s crucial to be cautious and aware of the potential risks in order… pic.twitter.com/ra1rWuPQUB
NEWS CONTINUES BELOW— Shibarmy Scam Alerts (@susbarium) September 30, 2023
5 Potential Ways to Scam
According to the list, it is possible for users to be hacked through Phishing DApps. This occurs when scammers create another decentralized application that is closely identical to legitimate platforms associated with Shiba Inu, Bone ShibaSwap, Leash, Shiboshis, and other assets in the ecosystem.
The prevalence of these Phishing DApps is evident. Therefore, it is necessary to double-check to ensure that the DApp visited is legitimate.
There is another subtle way scammers can exploit users. This means creating a fake DApp account on social media platforms such as X, Telegram and Discord.
With these fake online profiles, it is possible for scammers to attempt to represent authorities from a legitimate protocol. Most social media platforms provide verification to official accounts of all major organizations in the SHIB ecosystem. Therefore, it is easy to avoid being scammed this way.
In addition, cases of impersonation have also been flagged by the Shibarium Scam Alerts account as a major tool used by scammers to deliver fake airdrops via unsolicited messages.
The fourth fraud model is the use of token name variations. This format involves using names similar to legitimate projects in the ecosystem. Scammers use this to exploit users who are not careful.
Besides all this, there is also the problem of Unofficial Channels. Therefore, users were advised to avoid making transactions through these channels.
Shiba Inu Prepared for Scammers
The SHIB ecosystem is especially ripe for scammers following the launch of Ethereum-based layer-2 scaling solution Shibarium.
ShibariumThe emergence of is expected to attract a number of new DApps. These can be easily manipulated by scammers to defraud unsuspecting users and investors.
Shibarium is already facing these attacks.
SHIB is evolving in unique ways. Core developers in the ecosystem, including Shytoshi Kusama, have always warned about hacking attacks from unverified projects claiming to be associated with the protocol.
Source : The Crypto Basic