Crypto News

Shiba Inu Admin Profile Hack, All You Should Know

Investor focus turned to Shiba Inu after its marketing strategist alerted users about a security breach in an admin's Telegram account.
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Shiba Inu Admin Profile Hack, All You Should Know

The Shiba Inu crypto has gained notable traction in recent days, especially with the increasing popularity of the meme coins. Meanwhile, the crypto was on the investors’ radar on Wednesday, after Lucie, the chief marketing strategist of the Shiba Inu community, warned users of a potential breach in one of the admin’s profiles in the ecosystem. The price of Shiba Inu also dipped following the news.

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Warning About Profile Hack

Lucie has shared a screenshot on the X platform, asking users to “stay safe”. The screenshot carries a message from one of the community’s admins, DaVinci, where he has warned the users to not interact with “Ragnar” on the Telegram platform.

Notably, Ragnar is another admin of the Shiba Inu community. However, in his warning message, DaVinci stated that hackers currently had access to Ragnar’s compromised account.

Meanwhile, he reported that fraudsters are posting scam content on the platform. He also urged users to refrain from communicating or transacting with the account to safeguard themselves from potential fraud.

In addition, DaVinci advised users to protect themselves from potential fraud and promptly report any suspicious activity. Notably, the recent warning from the community served as a crucial alert for users to exercise caution and prioritize their online security.

Also Read: Crypto Prices Today, XRP Rises While BTC, Pepe Coin Slips

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Shiba Inu Price

The Shiba Inu price traded at $0.000007214 as of writing on October 4, noting a slump of 1.38% over the past day. Meanwhile, the crypto’s volume also fell 17.09% to $92.36 million, and its market cap was down 1.37% to $4.25 billion.

Notably, the global crypto market was also in the negative territory, suggesting that investors are shifting their focus towards safe-bet assets. So, the recent decline could be due to the gloomy sentiment in the broader market.

Meanwhile, DaVinci’s plea for users to avoid interactions with the compromised account, coupled with reports of scam content being posted, underscored the need for vigilance within the Shiba Inu community. As the cryptocurrency landscape continues to evolve, it remains essential for investors to remain vigilant and responsive to security threats, ensuring a safer and more secure environment for all participants.

Also Read: Ripple Secures An MPI License In Singapore, Here’s Why It Matters

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

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