Warning! What To Look For As Scam Bots Target The Shib Community and Other Cryptos

(Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. Every investment and all trading involves risk, so you should always do your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.)

Scam bots were always an issue on Twitter within the crypto communities, especially with the Shiba Inu Token accounts, but now that the markets are in disarray the bots have come out with a vengeance. Be very careful when interacting online, especially where you connect your wallet.

One way people are losing their crypto coins is that they fall for giveaways on social media. You can usually spot these in comments across Twitter and Facebook with words like “I just received 14,000,000 coins from X Token” or join this telegram group followed by “you can thank me later” How this scam works is that they will create a fake telegram group around the token they are pushing. You will see many plants, or people that are paid to comment, say things like “Thanks it worked” or other words of praise. This hype usually gets people interested and they have FOMO. They will either use a recognized coin and tell you it is an airdrop or they will push a new coin offering a “first-come-first-served” sale for pre-launch projects to get in now and promise to give you the world.

There are plenty of new scams developing daily but we want you to also be aware of fake websites that lead you to malicious projects. Some of these sites are now using good-looking NFT projects offering giveaways in which they will need your address. they will tell you to send crypto to the website instead of the main site so you could either save money on gas fees, earn more profits on your coins, or send to wallets that are later removed. Most of the time these types of sites will stay up for a while until they are able to strip enough people of their crypto. Once they reach their desired amount or if the heat is getting too bad they will take down the site and never be heard from again. Many of these sites will be registered overseas with anonymous hosting accounts and domain name registrars.

One such new account targeting the entire Shib Army was pointed out by SHIBARMY CANADA. They tweeted out “#SHIBARMY There is a lot of scam bots @SHlBx10in the #SHIB tweets comments To manually block them all at once, type in the search bar @SHlBx10, and then look in the ”latest” tab, and you can block them from there Also report the main account @SHlBx10 and block.”

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#SHIBARMY There is a lot of scam bots @SHlBx10 in the #SHIB tweets comments

To manually block them all at once, type in the search bar @SHlBx10, and then look in the ''latest'' tab, and you can block them from there

Also report the main account @SHlBx10 and block☠️☠️ pic.twitter.com/ZwHCk3mD6W

— SHIBARMY CANADA (@Dezaxe) June 16, 2022

We highly appreciate SHIBARMY CANADA for pointing this out to the community. He is correct as we know that our own news accounts have been hit with hundreds of these bots all pointing to the account he has warned of.

Make sure to be careful online and if your gut is telling you there may be something wrong with a comment or link always trust your gut. It could save you from being scammed.