📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

SHIB Team Issues Major Warning to Community, Here’s Danger

Published 2023-10-04, 07:16 a/m
© Reuters.  SHIB Team Issues Major Warning to Community, Here’s Danger
SHIB/USD
-

U.Today - The official marketing specialist of the team, known to the community as Lucie, has shared a post by a SHIB Discord admin DaVinci. The latter announced that the Telegram account of one of the admins of the Shibarium Telegram channel, Ragnar, has been hacked.

Fake BONE airdrop announced by hacked SHIB Telegram admin account

Now, the hijacked account is announcing a fake airdrop to the members of the Shibarium Telegram channel. The compromised account of Ragnar claims that BONE in the airdrop will be provided from the “team treasury wallet”, which means that “this will be a limited wave”.

DaVinci warned SHIB holders not to engage in any communications with the hacked account since this may lead to losing their hard-earned Shiba Inu bags.

Another prominent SHIB-themed account on the X app, @vetkusama, who calls himself “brother of Shytoshi Kusama”, also posted this warning. He urged the SHIB community not to click on any links in Ragnar’s post, adding that there is no airdrop coming.

An X app user in the comments suggested that SHIB had better now create a cyber security team to ensure the safety of accounts related to Shiba Inu.

Bone ShibaSwap (BONE) is the governance token on the official Shibarium dex ShibaSwap. Besides, BONE serves as the gas token on the Layer-2 blockchain Shibarium and without BONE no transactions on it are possible.

At the time of this writing, BONE is changing hands at $0.7913 after a marginal rise within the past 24 hours, according to the data shared by CoinMarketCap in the public space.

SHIB burn rate surges first time this week

According to Shibburn website, within the last 24 hours, the SHIB community, thanks to its joint efforts, managed to push a total of 38,942,436 SHIB out of the circulating supply.

This raised the burn rate by more than 107% compared to previous days this week, when despite the bags of burned SHIB reaching 100,000,000, the burn rate remained well below zero.

This time, no significant chunks of Shiba Inu were transferred to dead-end wallets – the largest ones carried as little as slightly under 7 million SHIB.

Still, the SHIB army persistently continues to remove Shiba Inu coins from the circulating supply, locking them in unspendable wallets on a daily basis. Last month, the community managed to burn more than 2.3 billion Shiba Inu.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.