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Scammers Trying Hard to Scam Shiba Community!

thenewscrypto.com 22 November 2021 00:22, UTC
Reading time: ~2 m

  • Shiba Inu’s official Twitter account has recently uploaded a short video.
  • Scammers are already circling the Shiba Inu community.

Shiba Inu (SHIB), a decentralized cryptocurrency inspired by Dogecoin, is gaining popularity and recognition. Moreover, scammers are already circling the Shiba Inu community, endangering the project’s long-term survival. Thus, Shiba Inu’s official Twitter account has recently uploaded a short video explaining a recent widespread scam:

Stay Alert & Safe #ShibArmy!

We've been made aware of a recent scam, traveling social media, and other communication platforms.

Here's a quick video to provide more information on the matter. pic.twitter.com/UOh50WsJSQ

— Shib (@Shibtoken) November 21, 2021

Furthermore, this fraud involves Shiba Inu owners being duped into giving over their wallet keys, email addresses, or passwords. Freebies and other advantages are used to entice SHIB community members to join these organizations.

Moreover, keep in mind that the Shiba Inu project is new. Scams like these might shake the community’s confidence and stop the token’s general adoption. According to Vegas Auto Gallery, Shiba Inu token users may now buy a vehicle with their SHIB tokens:

Now that we accept #SHIBA let’s us know what cars you’d buy… pic.twitter.com/pfPaw22Hos

— Vegas Auto Gallery (@vautogallery) November 20, 2021

On November 9th, we revealed that AMC Entertainment would accept Dogecoin and other cryptocurrencies, including the SHIB token. That deal, made last week. According to CEO Adam Aron, AMC will incorporate Shiba Inu’s SHIB token into their payment system within four months:

Attention #SHIBArmy: Our friends @Bitpay decided to support Shiba Inu specifically because I asked, so AMC can take Shiba Inu for online payments of movie tickets and concessions. @AMCTheatres to be the first @bitpay client to accept Shiba Inu. Timing 60-120 days. This is a WOW! pic.twitter.com/F54i22hHDv

— Adam Aron (@CEOAdam) November 15, 2021

Listing on Major Exchanges

The number of exchanges that take Shiba Inu is also growing, with Gemini Exchange being the newest to join. Moreover, of course, SHIB supporters are still waiting for confirmation from Kraken and Robinhood.

The Shiba Inu project, well known for its native peer-to-peer crypto exchange, Shibaswap. Moreover, SHIB is an Ethereum ERC-20 coin. Only 549.095 trillion SHIB coins remain in circulation, with the remainder primarily burned by Ethereum co-founder Vitalik Buterin. According to CoinMarketCap, the SHIBA INU price today is $0.000045 USD with a 24-hour trading volume of $1,659,982,115 USD. SHIBA INU has been down 3.00% in the last 24 hours.

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