SHIB Price Climbs 5.5% as Shiba Inu Reviews Security Alerts
The post SHIB Price Climbs 5.5% as Shiba Inu Reviews Security Alerts appeared on BitcoinEthereumNews.com.
Shiba Inu investigates security concerns after PeckShield flags suspicious activity. Scam alerts rise as fake Discord servers target SHIB holders with wallet-draining dApps. SHIB price climbs 5.51% to $0.00001411, but exchange balances signal mounting sell pressure. Shiba Inu’s core team confirmed it is investigating suspicious activity flagged by blockchain security firm PeckShield, while SHIB faces mounting sell pressure on exchanges. Developers said internal staff and external partners have been mobilized to track the source and pledged to release a full report once the review ends. We are aware of the activity flagged by @peckshield and have engaged our internal team and external security partners to investigate thoroughly. Our priority is the safety of the #ShibArmy. At this time, we are working to confirm the root cause and ensure all possible… https://t.co/lq1JVhgSPx — Shib (@Shibtoken) September 12, 2025 Related: Shiba Inu Scam Alert: Team Warns of Fake TREAT Token Link on Crypto.com Scam Alerts Rise as Fake Discord Servers Target SHIB Holders Community reports point to a surge in scams using expired Discord invites to trick holders into joining fake servers. Attackers deploy wallet-draining dApps disguised as verification tools, draining balances within minutes. Shibarium Trustwatch, a community watchdog account, warned that fraudulent sites often mimic Shiba Inu’s official branding. Developers stressed that all legitimate links are listed only at shib.io and reminded users not to approve transactions from unverified sources. Developers Respond to Wallet Compromise Reports Concerns escalated after claims surfaced that a wallet labeled “Shiba Inu: Deployer 1” had been compromised. Developer Kaal Dhairya clarified that no ecosystem operations were tied to the address, adding that any tokens issued from it should be treated as scams. SHIB Balances on Exchanges Hit 30-Day High On-chain data shows exchange balances for SHIB rose to a 30-day high of 156.47 trillion tokens on…
Filed under: News - @ September 13, 2025 10:25 am