A prominent Shiba Inu team member has taken to social media to address concerns after their community’s telegram account was hacked by cybercriminals for scam purposes.
Community Admin Recovers Telegram Account
On Wednesday, October 4, the SHIB community fell victim to a crypto scam attack on their official telegram account. The cybercriminals seized the SHIB telegram account, posing as the community admin, and sent fake BONE airdrops to steal personal information and crypto assets.
Upon noticing the illicit activities, the SHIB community admin, Ragnar Shiba, alerted members via X (formerly Twitter) about the hijack and warned them to avoid clicking any links or responding to messages from the hacker.
“TG account was hacked. Do not click on any links. There is no AirDrop!” Shiba stated.
Following the attack, Shiba announced on his official X account that he had regained control of the telegram account. He ensured its security by transferring all data to a new device and setting a stronger password for the account.
Shiba also revealed that he had changed his password for all accounts using two-factor authentication (2FA). He encouraged the SHIB community to remain vigilant by regularly updating their passwords for all accounts.
SHIB market cap currently at $4.2 billion. Chart: TradingView.com
“My account in Telegram is secure again. I moved all to a brand-new phone. I changed my password for new and more secure ones. My Twitter account too and all have 2FA. Please be safe everyone!!! Change passwords periodically,” Shiba stated.
SHIB Battles With Security Vulnerabilities
Since gaining popularity, Shiba Inu, a doggy-themed cryptocurrency meme coin, has faced multiple cyber attacks and security vulnerabilities.
Phishing attacks pose a major threat to the SHIB ecosystem, with cybercriminals targeting unsuspecting investors and attempting to obtain their private keys. Additionally, there have been notable thefts on major crypto organizations, such as Bitrue and Poly Network, resulting in the loss of millions of SHIB tokens.
While the SHIB development team takes security seriously, investors and community members remain concerned about the risk of falling victim to cybercriminals.
The recent hack on SHIB’s telegram account highlights the growing need for enhanced security measures to protect investors from scams.
Featured image from Getty Images