Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Dogecoin community has been put on high alert following a scam warning from Dogecoin developer Inevitable360. The scam, promoted under the guise of a fake Dogecoin airdrop, attempts to lure unsuspecting users.
Inevitable360 took to social media to alert the Dogecoin community to a particular X account, “Doge2014token” promoting fake Dogecoin giveaways. In a tweet, Inevitable360 wrote: “Warning to all shibes, this account ‘Doge2014token’ is scamming shibes. There isn’t and there will never be any Dogecoin airdrop. Please report.”
The fraudulent account promotes a Dogecoin airdrop, claiming to distribute free DOGE tokens. However, the Dogecoin community should bear in mind, as stated by Inevitable 360, that there is no official Dogecoin airdrop, and there never will be.
The developer’s warning also urges users to report the said fraudulent account.
Related
This scam aims to lure users into clicking on phishing links, in a bid to make them believe they are participating in a legitimate event. Once users interact with the links shared, which often lead to malicious websites, they risk losing their funds, private information or even having their accounts compromised.
Safety steps
Scammers often create fake accounts or impersonate legitimate figures within the cryptocurrency community to lend credibility to their fraudulent activities.
Related
To protect themselves from such scams, crypto users should always double-check the legitimacy of any account or event claiming to offer free tokens or airdrops. They should remember that if something seems too good to be true, it probably is. This is because scammers often use exaggerated promises to lure in victims.
Also, crypto users should avoid clicking unknown or suspicious links, especially those shared in comments, direct messages or X posts, promoting giveaways or rewards. They can also help keep the Dogecoin community safe by reporting fake accounts and any suspicious activity.
This news is republished from another source. You can check the original article here
