A prominent Shiba Inu team member has taken to social media to quell the anxieties of community members after being exposed to a dangerous hack attack by cybercriminals who hijacked the community’s telegram account and used it 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 for hours, impersonating the community’s admin and sending fake BONE airdrops through click baits on the channel to steal member’s personal information and crypto assets.
After noticing the nefarious activities going on in his telegram channel, the SHIB community admin, Ragnar Shiba immediately informed SHIB community members via X (formerly Twitter) about the hijack and urged them not to click any links or respond to messages sent by 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 finally regained control over the telegram account. The admin ensured that the account had been made secure after moving all his data to a new mobile device and changing his telegram account’s password to a stronger one.
Shiba also disclosed that he had changed his password for all his accounts with a 2FA. He encouraged the SHIB community to stay alert and guard against hacks by regularly changing their passwords on all their 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 it became mainstream and gained popularity, Shiba Inu, a doggy-themed cryptocurrency meme coin has been a target of cybercriminals. The SHIB ecosystem has experienced multiple cyber attacks by hackers and persistent battles with security vulnerabilities.
One of the major security threats the SHIB ecosystem faces is phishing attacks. Cybercriminals often attack unsuspecting investors and trick them into revealing their private keys. There have also been a series of thefts on major crypto organizations like Bitrue, and Poly Network, which led to millions of SHIB tokens stolen.
While the SHIB development team has not taken its security protocols lightly, investors and community members are still worried about the possibility of losing their investments to cybercriminals.
The recent hack on SHIB’s telegram exposes the increasing need for better security measures to safeguard investors from scam activities.
Featured image from Getty Images