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SHIB Community Warned of New Scam Targeting Crypto Holders with Fraudulent BAD Reward Claims

5 hours ago
1 min read
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Alert to the Shiba Inu Community

The Shiba Inu community is being alerted by an official communication from the X account regarding a fraudulent scheme that aims to exploit SHIB supporters. The deceptive operation is leveraging a collaboration with the Bad Idea AI (BAD) project, which is a notable partner of Shiba Inu. To assist SHIB holders in protecting their assets, the warning post outlines key indicators of the scam and offers vital measures to enhance their security against potential crypto theft.

Details of the Fraudulent Scheme

This scam specifically targets members of the community by pretending to be affiliated with Bad Idea AI. Malefactors have created a counterfeit portal that falsely offers the opportunity to claim non-existent BAD token rewards, enticing crypto enthusiasts to connect their wallets under misleading assumptions.

Official Warning

The SHIB team’s post clearly states: “SCAM ALERT — Remain cautious! Our community is under threat from a fraudulent claim portal associated with BAD token rewards. This counterfeit site attempts to deceive individuals into linking their wallets on false grounds.”

Identifying the Scam

To identify the scam, several telltale signs have been highlighted:

  • The fraudulent portal closely resembles the authentic BAD website’s layout.
  • It suggests that users must connect their wallets to the site to validate their eligibility for BAD rewards.
  • Additionally, the website circulates false messages indicating that users need to undergo an “eligibility verification” before they can procure tokens.

Protecting Community Members

In light of this alarming situation, the post emphasizes the importance of avoiding connection to any dubious crypto websites. Users are also urged to confirm official communications from reliable sources prior to conducting any transactions. Finally, the community is encouraged to report any scams to SHIB moderators to help safeguard other members from similar threats, fostering a more secure environment for all SHIB holders.

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