Cryptocurrency Enthusiast Issues Crucial Scam Alert on Social Media
Lucy, a well-known figure in the cryptocurrency community, recently took to the social media platform X (formerly known as Twitter) to issue a crucial warning to both seasoned and novice participants in the crypto space.
In her brief introduction, Lucy cautioned everyone involved in cryptocurrencies to remain vigilant and prepared against the numerous scammers that pervade the industry. She stressed that cybercriminals are targeting both experienced traders and new investors alike. Lucy’s warning emphasized, “Be cautious and do not be naive in the cryptocurrency realm. Always exercise due diligence and care.”
Earlier this week, Ledger, a leading producer of cryptocurrency hardware wallets, issued a significant fraud alert regarding a new type of scam called “address poisoning.” This scam has recently affected TRX, MATIC, and ETH wallets. The Ledger team explained the scam’s mechanism in a concise thread. Users might notice unfamiliar coins or NFTs mysteriously appearing in their wallets. Ledger warns against interacting with these unknown assets and advises hiding them from view.
Scammers send small amounts of coins or NFTs to a chosen wallet, which records the sender’s (scammer’s) address in the transaction history. Scammers then hope the user will mistakenly select the scammer’s address for a cryptocurrency transfer. Therefore, Ledger advises always verifying the address before sending coins and not blindly copying it.
SHIB Price Performance
Over the past seven days, Shiba Inu, the second most popular cryptocurrency, has lost over 14%, dropping from the $0.00002 level. After a 7% decline between Thursday and Friday, SHIB managed a slight recovery, gaining 3.23%. At the time of writing, the asset is trading at $0.00001803.
Read more Shiba Inu (SHIB) Becomes the Gold Sponsor of IVS Crypto 2024 KYOTO
However, a recent report by Santiment suggests that SHIB has a good chance of short-term growth. The 30-day MVRV index is at -19.1%, indicating that this cryptocurrency might be significantly undervalued.
Important Notice: The content presented in this article is intended for informational purposes only and should not be interpreted as financial advice. Coinshibainu.com bears no responsibility for any investment decisions made relying on the information contained herein. It is highly recommended to consult with a qualified expert or financial advisor before making any investment decisions.
