The creators of popular crypto asset Shiba Inu (SHIB) are issuing a warning to investors that scams involving the dog-themed meme coin are rapidly spreading across social media.
The Shiba Inu team tells its 2.1 million Twitter followers that bad actors offering fake SHIB giveaways, airdrops, gifts, and bonuses are rapidly proliferating their scams over the Internet by masquerading as official members of the Shiba Inu organization.
“A fake Shiba Telegram group is being shared across social media. The scammers impersonate official accounts, and create fake users. These scammers reply to general posts. They target your hashtags.”
According to the video posted by the Shiba Inu team, the most commonly targeted hashtags include #SHIB, #SHIBarmy, #Leash, #SHIBAswap and #Bone.
The group emphasizes that there are currently no SHIB airdrops or giveaways and that Shiba Inu holders should never give up their wallet keys, email addresses, personal information or tokens to anyone.
“Do not reply to the bots of fake accounts on social media. Block, report, and stay alert.”
SHIB, the 12th-ranked cryptocurrency by market cap, recently reached a milestone of having 1 million holders worldwide and is currently exchanging hands at $0.000039 as of writing, a 29% decrease from its 14-day high of $0.000055.Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/solarseven/karnoff