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.