The assets of one of the major investors of popular meme coins, Shiba Inu (SHIB), have been stolen. The scam was carried out with an account impersonating SHIB’s anonymous developer, Shytoshi Kusama. Here are the details…
SHIB community member victim of scam
Twitter account “@theshibdream” tweeted a complaint and a warning that he had been duped by a scam impersonating Shytoshi Kusama recently and lost all SHIB tokens. Last year, the person behind this account made headlines when he launched a SHIB VIP Social Network. The aforementioned Twitter account said it made a mistake by linking its wallet to a fake Shibarium website shared on the fake account impersonating SHIB developers and the leader of the SHIB army, Shytoshi Kusama.
🚨WARNING $SHIB FAMILY. I just had all my SHIB Stolen with a #Shibarium redirect and iframe! Dont be foolish like I just was. They are buying link redirects on mistypes. I connected my wallet. BEWARE! ALWAYS Check the links before connecting!
THIS WAS THE REDIRECT I WAS HIT BY!… https://t.co/JYpiabQYNY pic.twitter.com/82hBqyYJmA— Shib Dream * Shiba Inu News * Shib Army Social 💎 (@theshibdream) March 8, 2023
The Twitter user was scammed by a tweet sent by the fake Shytoshi account advising users to link their wallets “for exclusive access to Beta launch”. After a short while, all SHIB coins in the user’s wallet are gone. The user warned the SHIB community to always check the connections very carefully before linking their wallet.
Shytoshi Kusama warns his followers
Shytoshi responded to a tweet sent by another person today warning the community against this crypto scam. The name of the scam account looked like the real Shytoshi with just one letter difference. Kusama said SHIB owners should always look to see if the blue verification symbol is there to avoid being scammed by such scams. Also, while the real Shytoshi Kusama has over 901,000 followers, the scam account has only 13,700 followers.
Look for that blue checkmark fren
— Shytoshi™ (@ShytoshiKusama) March 8, 2023
Meanwhile, data shared by the WhaleStats platform, which tracks the largest wallets on several leading blockchains, shows that the Shiba Inu has reached two key milestones. Shiba Inu is currently the most traded token by whales and holds the position of the largest whale-held token in terms of USD equivalent. Currently, the 100 largest SHIB whales on the Ethereum chain are holding Shiba Inu at $601,204,724. This makes up 11.94 percent of their portfolio in total.
Listing news came from a coin similar to Shiba Inu
On the other hand, important news came from a coin like Shiba Inu. Poloniex, a popular cryptocurrency exchange, announced the listing of Shikoku (SHIK), a counterpart of the Shiba Inu (SHIB). Shikoku (SHIK) is a decentralized coin experiment with the goal of creating the Shikoku Inu Decentralized Ecosystem (SIDE) of apps and tools. The coin was released on the Ethereum mainnet on 7 November 2022 at block 15921055. The total supply of SHIK tokens is 1 quadrillion and there is no trading tax.
cryptocoin.com Interestingly, as we reported, Shikoshi, the founder of SHIK, gifted 50 percent of the total supply, namely 500 trillion tokens, to the founder of Ethereum, Vitalik Buterin. If Buterin accepts this offer, Shikoshi requested that he burn 47 percent of the supply, donate 2% to various charities, and use 1% to spend in his spare time. Recently, however, there has been a sharp drop in SHIK token prices after Vitalik Buterin sold 500 trillion tokens.
