With multiple developments coming from the Shiba Inu community, scammers have flocked to the ecosystem, seeing the brewing excitement as an opportunity to scam unsuspecting victims. As a result, community members have taken to social media to warn others of the looming risks that could cause them to lose money.
Scammers Take Advantage Of Shiba Inu Liquid Staking
A Shiba Inu influencer who goes by @ShibBPP has sounded a warning alarm for SHIB community members who are being targeted in new and elaborate scams. These scams look to be preying on the eagerness of users to invest in new endeavors in the ecosystem, thereby leaving them vulnerable to these scammers.
The influencer outlined the most common scams that have been circulating, including honeypot scams. Honeypots are a kind of scam that allows investors to buy into a project, but they will be unable to sell. Thereby automatically losing their money as soon as they invest.
These scams will often go to great lengths to come across as
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