Susbarium Issues New Scam Alert as Shiba Inu Ecosystem Faces Yet Another Scam Attempt

The Shiba Inu ecosystem faces yet another scam attempt as Susbarium, the trusted ecosystem watchdog, issues a new scam alert on Thursday.

A new scam attempt has been reported within the Shiba Inu ecosystem, with Susbarium, a trusted watchdog for the community, issuing a scam alert on Thursday.

According to the report, a fraudulent post surfaced, claiming to offer SHIFU token rewards to users who register within a 24-hour window. The fake announcement was shared on X and directed users to a suspicious website.

In its warning, Susbarium highlighted that the disclosure was a phishing attempt, designed to deceive users and potentially steal their assets. The post featured an image with SHIFU branding, a token associated with Shiba Inu's gaming project, Play With Shib. However, the watchdog emphasized that the post was not from an official or credible source.

"Always verify information through official channels and avoid sharing personal details," Susbarium stated in its tweet.

The authorized SHIFU token initiative involves a partnered airdrop between Play With Shib and Imaginary Ones to reward participants within the Play-to-Earn ecosystem.

Earlier this month, Shiba Inu lead developer Shytoshi Kusama announced a tournament for Shiba Eternity, which offered incentives like 500 BONE and SHIFU airdrop points.

The competition, which ran from November 29 to December 2, allowed participants to collect BONE and earn SHIFU points, boosting their eligibility for the upcoming airdrop. This event aimed to engage players with Shiba Eternity's Web3 beta ahead of its mainnet launch. The game is still in beta, and an official date for the full launch has yet to be set.

Any announcements regarding SHIFU rewards or related events will be communicated through official platforms of the Shiba Inu ecosystem.

As the Shiba Inu ecosystem continues to expand, it has become a common target for scams due to the project's popularity and active user base. With the introduction of projects like Shiba Eternity and the SHIFU token, the risk of fraudulent schemes has also increased.

Recently, Kusama also highlighted how scammers are exploiting his interactions with the SHIB community. Scammers have been buying accounts that he follows on X and using them to promote fake tokens, particularly TREAT, by impersonating influencers.

Emphasizing the need for caution, Kusama stressed the importance of relying on official channels for information. Notably, the Shiba Inu team has repeatedly warned users about fraudulent TREAT tokens, highlighting that they are not yet available for trading.