Shiba Inu vs. Fake SHIB: A Guide to Protecting Your Crypto Investment

• Shiba Inu warned users against potential scams.
• Individuals are misusing the SHIB name, claiming undue affiliations.
• Users are hopeful of a repeat of SHIB’s 2021 significant rally.

Shiba Inu has warned users of potential scams using the SHIB name. In a recent post, a SHIB community representative noted that many individuals are misusing the SHIB brand, either by incorporating it into their own branding or falsely claiming to represent SHIB.

SHIBA is SHIBA.
Many individuals misuse the SHIB name, either by incorporating it into their own branding or falsely claiming to represent SHIB.

However, you rarely see these individuals celebrating SHIB's achievements or promoting it in any meaningful way – instead, they often… pic.twitter.com/TggQIzVyH5

— Shibarmy Scam Alerts (@susbarium) July 6, 2024

The SHIB representative outlined how to identify such potential scammers, noting that they rarely celebrate SHIB’s achievements or promote the project. Instead, they often use the project’s brand to promote their own lesser-known tokens.

This emerging trend of alternative crypto project promoters falsely claiming affiliation with Shiba Inu comes as the crypto mar…

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