The Shiba Inu community is facing a serious threat after a wave of phishing emails, disguised as official communications from Coinbase, began circulating. These emails aim to deceive users into surrendering sensitive information, ultimately putting their crypto funds at risk.

Shiba Inu Trust Watch Raises the Alarm

The alert came from Susbarium Shibarium Trust Watch, a Shiba Inu-focused account on X (formerly Twitter) that actively uncovers scams and malicious behaviour in the SHIB ecosystem. The team issued a warning, urging community members to remain vigilant, as a fraudulent email falsely claiming to be from the Coinbase Compliance Team continues to circulate.

The scam email threatens recipients with restricted access to their Coinbase accounts unless they “confirm” their account details. However, this is a classic phishing tactic designed to harvest login credentials, recovery phrases, and other personal data.

Don’t Click That Link — It’s a Trap

Susbarium emphasised that Shiba Inu holders must never click on links or download attachments from such emails. Doing so could compromise wallets and lead to financial losses. Instead, users should delete the message immediately and report it to Coinbase.

To stay safe, users should:

• Log in to the official Coinbase app or website to verify any communication.
  
• Avoid sharing login credentials, wallet details, or recovery phrases via email or messages.
  
• Enable two-factor authentication (2FA) for additional account security.
  
• Spread awareness within the community to prevent further damage.
  

More Threats: Impersonators and Fake Airdrops

The phishing email isn’t the only scam circulating. Susbarium also warned about fake X accounts impersonating official Shiba Inu representatives. These impersonators often lure victims by offering customer support or directing users to malicious sites that mimic real crypto platforms.

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Another growing scam trend involves fake airdrop messages. These emails or DMs promise users free SHIB tokens or exclusive offers, but only after they “verify” their accounts or connect wallets. Victims who follow through often lose access to their funds.

Stay Sharp, Stay Safe

The Shiba Inu team urges all holders to remain cautious and protective of their wallets. Scammers are becoming increasingly sophisticated, often using language and branding that mimic legitimate cryptocurrency platforms. If something looks too good to be true or creates a sense of urgency, take a step back and verify.

As phishing attempts increase across the crypto space, collective vigilance is crucial. Protecting one wallet helps protect the entire community.

For official updates, always follow verified Shiba Inu and Coinbase accounts, and never share your private keys with anyone.