Dogecoin Influencer Sounds Critical Warning Alarm For Scams Targeting The Community
14 March 2024 - 10:00AM
NEWSBTC
Dogecoin influencer Mishaboar has issued a vital warning to members
of the Dogecoin (DOGE) community. This warning could prove timely
as meme coin-related scams look to be on the rise in the crypto
community. Beware Of Fake Dogecoin Airdrops
Mishaboar warned community members in an X (formerly Twitter) post
to be “extremely careful,” stating that there are several fake
airdrops targeting the Dogecoin tag and other popular meme coins.
The influencer also added that some of these scams are also
deployed using the tags of popular AI tokens. Related Reading:
Crypto Institutional Investors Are Frontrunning Retail As Inflows
Reach Record Highs These scammers are said to promise airdrops to
community members with the aim of solely stealing the tokens of
unsuspecting users in the process. It is not surprising that these
schemes are perpetuated using the tags of popular meme and AI
tokens, as these categories of crypto tokens are two of the leading
narratives for this bull cycle. Therefore, using these token
tags is likely to help these scammers gain more reach and attract
more users. Mishaboar’s warning is no doubt crucial, especially for
newbies in the crypto space who could easily fall prey to these
scams in the bid to earn ‘airdrops’ that could give them more
leverage entering into the bull run. As part of his warning,
the influencer advised his followers to report any account they
suspected to be a scam. Mishaboar also noted that some of these
accounts have a huge following and might seem legitimate, but users
shouldn’t be deceived. Accounts with a significant following always
tend to look more legit. That’s why these crypto users have to be
extra vigilant. Mishaboar is known to be very particular
about the safety of crypto users. When the ‘MyDogeWallet’ Hack
occurred, he advised members of the crypto community to enable
two-factor authentication (2FA) on their X accounts using an
authenticator application or a physical security key. Shiba
Inu Community Also Faced Similar Scams At the beginning of the
year, Shiba Inu scam detector platform Susbarium drew the SHIB
community’s attention to scams that were targeted at obtaining
people’s identities and stealing their crypto holdings. Back then,
Susbarium warned that one of the scams involved fake accounts
promoting fake TREAT tokens to unsuspecting investors.
Related Reading: Solana Demand Soars As Institutions Buy Up SOL At
A Massive 870% Premium Like Mishaboar, Susbarium urged users to
enable 2FA on all their crypto accounts. They also proposed using
hardware wallets to help community members securely store their
crypto tokens. Some scam accounts clone or impersonate official
accounts, so the scam detector advised to be wary of unsolicited
messages they might receive from these impersonators. DOGE
price at $0.17 | Source: DOGEUSD on Tradingview.com Featured image
from Securities.io, chart from Tradingview.com
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