ShibArmy Scam Alert has warned the cryptocurrency community about a new form of fraud. The expert showed a screenshot showing a phishing email posing as an alert from Metamask. The email said that users had to update their wallet firmware immediately or it would be deactivated.
According to the expert, fraudsters are using scare tactics, threatening to block assets. However, Shiba Inu owners should remember that this is just a trick and remain vigilant. ShibArmy Scam Alert stressed that people should never respond to such emails.
It is strongly advised not to click on links from unknown sources. The number of cybercrimes has risen sharply over the past year.
Cybersecurity firm Trend Micro has uncovered the activities of the Impulse Team, a criminal group that uses sophisticated strategies to defraud ordinary people. Victims receive an SMS telling them that they have won a charity lottery and 0.7 BTC (about $18,000) will go into their wallet if they register and deposit 0.01 BTC ($250). According to Trend Micro, thousands of users were defrauded and suffered losses totaling more than $5 million.
