Shiba Inu Investors Lose Assets to Fake Shibarium Website

A Twitter handle dedicated to identifying scams within the Shiba Inu ecosystem recently highlighted the fake Shibarium website on Google.

Shiba Inu (SHIB) investors have been targeted by fraudulent schemes imitating official links within the Shib ecosystem, causing them to lose their assets.

Twitter handle @susbarium, an account dedicated to identifying scams and suspicious activity within the Shiba Inu ecosystem, recently highlighted a fake Shibarium website placed as an ad on Google. Notably, the website displays on the first page of the Google SERP when a “Shibarium” query is sent, giving a false sense of authenticity.

🚨 ATTENTION #ShibArmy
scammers use ads placed on google to lure you to fake sites. 🚨

➡️ The way to #Shibarium is:
https://t.co/gag4AnaPJT

ℹ All official links can be found in the
linktree:
https://t.co/JqUVIj4PiJ#ShibariumBETA #Shib #Leash #Bone pic.twitter.com/mQ0p8ofD2O

— You are Sus! (@susbarium) April 28, 2023

The susbarium account disclosed that this is one of several fake websites strategically placed on Google to lure unsuspecting victims. The handle noted that the only official website for Shibarium is beta.shibariumtech.com, with all official Shiba Inu ecosystem links on this linktree page.

Lucie, a prominent community influencer, has alerted investors to this growing issue and urged them to stay informed to avoid falling victim to these scams.

Lucie further revealed that she receives daily reports from Shiba Inu investors who have fallen victim to these scams. She mentioned that stolen assets include SHIB or other tokens, Shibyard plots, and SHIBOSHIS. Lucie urged community members to follow Susbarium to stay informed on these scams.

People are reporting daily how they lost $SHIB or other tokens.
But also #Shiboshi or Shibyard plots.

PLEASE FOLLOW @susbarium and be informed !!!

It’s important to know about scams so you don’t fall victim!!! https://t.co/Nq3hLvSFd4

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) April 28, 2023

Investors are strongly advised to exercise caution when clicking on links, even out of curiosity, due to the scammers’ continuous use of new tactics and advanced technologies to ensnare unwary victims.

A Proliferation of Scam Schemes

The Shiba Inu ecosystem has faced its fair share of scams as the crypto industry witnesses a proliferation of scam schemes. As reported by The Crypto Basic, a recent incident involved a fake Twitter account impersonating Shytoshi Kusama, the Shiba Inu community leader. The account shared a fraudulent link asking investors to link their wallets with it.

In February, amid the anticipation of the Shibarium public beta release, some bad actors deployed a fake SHIBARIUM token on Ethereum shortly after creating a fake BLUR token and airdropping it to Justin Sun, Yuga Labs, and Coinbase.