Crucial Security Alert Published by SHIB Team – Beware of Scammers
03/28/2025 20:17
SHIB team has issued an important security warning to the community
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
SHIB-affiliated X account @susbarium has addressed the Shiba Inu community with a crucial security alert. This warning was again about fake accounts on social media, but this time it is about people who impersonate SHIB group administrators.
Related
Important security warning to SHIB army
In the warning, the SHIB team stated that scammers are impersonating moderators/admins from Shiba Inu groups. The screenshot shows the Telegram app but the alert might also include Discord.
Impersonators ask group members to give them their wallet addresses in exchange for fake whitelist privileges. If users connect their wallets to the websites offered by scammers, the fraudsters “exploit access to drain tokens from your wallet,” the tweet states.
— Susbarium | Shibarium Trustwatch (@susbarium) March 28, 2025🚨Important Security Alert for Shiba Inu Community🚨
Impersonators are posing as moderators/admins from Shiba Inu groups! These scammers are targeting members by asking for wallet addresses and offering fake whitelist privileges. Once connected, they exploit access to drain… pic.twitter.com/ShD2AlT5V1
The @susbarium post then offers a short list of measures which SHIB holders should take to avoid being scammed and losing their cryptocurrency holdings.
The SHIB team warns that there “no whitelist privileges for moderators/admins” which they can provide to users. The second advice is users should “always verify official accounts and communications before engaging” in any suspicious activity with “SHIB group admins.”
The final advice is that it is crucial to “report any suspicious activity promptly.”
Related
Ryoshi says hello through years
Earlier today, another X account linked to the Shiba Inu developer team shared a tweet where it quoted the mysterious founder of SHIB known under the alias Ryoshi.
In this statement, the SHIB creator speaks about his dream to “to build something decentralized that could grow into a full-on ecosystem powered by the people.” Over time, Ryoshi continues, “the Shiba ecosystem will evolve beyond imagination.” He then mentions that BONE token will power not only the layer-2 solution Shibarium but also decentralized applications (dapps) “and more.”
— Shibarium Updates 📢 (@Shibizens) March 28, 2025“I had a vision to build something decentralized that could grow into a full-on ecosystem powered by the people.”
“With time, the Shiba ecosystem will evolve beyond imagination, with our own L2 solution, dApps, and more — powered by BONE.”
- Ryoshi pic.twitter.com/br0cpeU1ZJ
Ryoshi chose to disappear from public space in May 2022. He deleted all his social media posts but before that he published a tweet, bidding farewell to the community. Upon his departure, Shytoshi Kusama was left at the steering wheel of the project – an early SHIB investor who managed to stay at the top of the project as the lead.
The SHIB team launched Shibarium in August 2023 and is currently busy developing the layer-3 network which will run on top of it and will be powered by the TREAT token.