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How to identify fraudulent platforms like "Shiba Inu Tokens" scam

Also Known As: Shiba Inu Tokens fake platform
Damage level: Medium

What is "Shiba Inu Tokens" scam?

We have thoroughly examined the website and found that it operates as a fraudulent platform posing as the authentic Shiba Token (shibatoken[.]com). Scammers created this site to deceive visitors into believing it is a legitimate entity associated with the Shiba token cryptocurrency. Their goal is to steal cryptocurrency.

Shiba Inu Tokens scam

More about the "Shiba Inu Tokens" scam

The counterfeit Shiba Token website bears a notable resemblance to the genuine platform. However, when users interact with its features, they encounter a request to connect their wallets. Upon submitting their wallet details as requested, users unwittingly sign a malicious contract instead of connecting their wallets.

The contract triggers a cryptocurrency drainer, a tool engineered to pilfer digital assets from unsuspecting victims. This insidious mechanism operates by siphoning funds from the victims' wallets and redirecting them into the scammers' wallets.

Cryptocurrency transactions are intentionally structured to be irreversible, leveraging the decentralized framework of blockchain technology. Consequently, tracing or retrieving funds post-transfer becomes a daunting task. This leaves victims with financial losses, often without any viable recourse to recover their pilfered assets.

Thus, it is important to investigate the platform or investment opportunity thoroughly before taking any actions like transferring cryptocurrency or connecting wallets. By doing so, individuals can reduce the risk of being swindled and suffering financial harm.

Threat Summary:
Name Shiba Inu Tokens fake platform
Threat Type Phishing, Scam, Social Engineering, Fraud
Disguise Legitimate Shiba Token website
Related Domain shibbodrop[.]art
Detection Names N/A (VirusTotal)
Symptoms Unofficial domain, lack of official verification, unrealistic claims, too good-to-be-true promises.
Distribution methods Compromised social media accounts, hijacked WordPress sites, rogue online pop-up ads, phishing emails, unwanted applications.
Damage Loss of sensitive private information, monetary loss, identity theft, possible malware infections.
Malware Removal (Windows)

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Conclusion

In conclusion, the discovery of the counterfeit Shiba Token website serves as a reminder of the risks in the cryptocurrency realm. It highlights the need for constant attention and careful consideration when navigating online platforms. By exercising caution and conducting thorough research before engaging in transactions, individuals can better protect themselves from falling victim to such scams.

Examples of similar scams are "SAGA AIRDROP", "Solana Mobile", and "Claim $PRCL".

How did I open a scam website?

Scams frequently target users through a variety of channels, including deceptive advertisements, intrusive pop-ups, misleading buttons, and notifications from untrustworthy websites. When cryptocurrency drainers are involved, users may unwittingly encounter them through hijacked WordPress pages or social media accounts belonging to celebrities, public figures, businesses, etc.

Furthermore, users can inadvertently stumble upon scam-hosting pages while browsing websites affiliated with rogue advertising networks, such as torrent sites or platforms streaming illegal movies. Additionally, scammers frequently create websites with URLs that closely resemble those of legitimate sites, aiming to deceive users into visiting fraudulent platforms.

How to avoid visiting scam pages?

Before divulging personal information, transferring funds, or taking any actions on websites, it is crucial to verify their URLs to ensure they match the official domains. When visiting suspicious pages, particularly those associated with torrent sites or illegal movie streaming platforms, it is advisable to refrain from interacting with buttons, links, advertisements, pop-ups, and similar elements.

Avoid permitting questionable pages to send notifications, as they may lead to potential scams. Exercise caution when receiving unexpected or irrelevant emails from unfamiliar senders, particularly those containing links or attachments. When downloading apps, ensure they originate from trustworthy sources such as official pages and app stores.

If your computer is already infected with unwanted apps, we recommend running a scan with Combo Cleaner Antivirus for Windows to automatically eliminate them.

The appearance of "Shiba Inu Tokens" scam (GIF):

Appearance of Shiba Inu Tokens scam

Instant automatic malware removal: Manual threat removal might be a lengthy and complicated process that requires advanced IT skills. Combo Cleaner is a professional automatic malware removal tool that is recommended to get rid of malware. Download it by clicking the button below:
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How to identify a pop-up scam?

Pop-up windows with various fake messages are a common type of lures cybercriminals use. They collect sensitive personal data, trick Internet users into calling fake tech support numbers, subscribe to useless online services, invest in shady cryptocurrency schemes, etc.

While in the majority of cases these pop-ups don't infect users' devices with malware, they can cause direct monetary loss or could result in identity theft.

Cybercriminals strive to create their rogue pop-up windows to look trustworthy, however, scams typically have the following characteristics:

  • Spelling mistakes and non-professional images - Closely inspect the information displayed in a pop-up. Spelling mistakes and unprofessional images could be a sign of a scam.
  • Sense of urgency - Countdown timer with a couple of minutes on it, asking you to enter your personal information or subscribe to some online service.
  • Statements that you won something - If you haven't participated in a lottery, online competition, etc., and you see a pop-up window stating that you won.
  • Computer or mobile device scan - A pop-up window that scans your device and informs of detected issues - is undoubtedly a scam; webpages cannot perform such actions.
  • Exclusivity - Pop-up windows stating that only you are given secret access to a financial scheme that can quickly make you rich.

Example of a pop-up scam:

Example of a pop-up scam

How do pop-up scams work?

Cybercriminals and deceptive marketers usually use various advertising networks, search engine poisoning techniques, and shady websites to generate traffic to their pop-ups. Users land on their online lures after clicking on fake download buttons, using a torrent website, or simply clicking on an Internet search engine result.

Based on users' location and device information, they are presented with a scam pop-up. Lures presented in such pop-ups range from get-rich-quick schemes to fake virus scans.

How to remove fake pop-ups?

In most cases, pop-up scams do not infect users' devices with malware. If you encountered a scam pop-up, simply closing it should be enough. In some cases scam, pop-ups may be hard to close; in such cases - close your Internet browser and restart it.

In extremely rare cases, you might need to reset your Internet browser. For this, use our instructions explaining how to reset Internet browser settings.

How to prevent fake pop-ups?

To prevent seeing pop-up scams, you should visit only reputable websites. Torrent, Crack, free online movie streaming, YouTube video download, and other websites of similar reputation commonly redirect Internet users to pop-up scams.

To minimize the risk of encountering pop-up scams, you should keep your Internet browsers up-to-date and use reputable anti-malware application. For this purpose, we recommend Combo Cleaner Antivirus for Windows.

What to do if you fell for a pop-up scam?

This depends on the type of scam that you fell for. Most commonly, pop-up scams try to trick users into sending money, giving away personal information, or giving access to one's device.

  • If you sent money to scammers: You should contact your financial institution and explain that you were scammed. If informed promptly, there's a chance to get your money back.
  • If you gave away your personal information: You should change your passwords and enable two-factor authentication in all online services that you use. Visit Federal Trade Commission to report identity theft and get personalized recovery steps.
  • If you let scammers connect to your device: You should scan your computer with reputable anti-malware (we recommend Combo Cleaner Antivirus for Windows) - cyber criminals could have planted trojans, keyloggers, and other malware, don't use your computer until removing possible threats.
  • Help other Internet users: report Internet scams to Federal Trade Commission.

Frequently Asked Questions (FAQ)

What is a crypto scam?

In a crypto scam, individuals are deceived into divulging sensitive information, transferring funds, or executing certain actions, like activating a cryptocurrency drainer. Victims of these schemes often suffer financial losses, unauthorized access to their cryptocurrency wallets, and the exposure of personal data.

Is it possible to retrieve lost crypto funds?

Recovering lost cryptocurrency poses considerable challenges due to its decentralized and anonymous nature. As a result, individuals who mistakenly send cryptocurrency to scammers often find it exceedingly difficult, if not impossible, to reclaim their funds.

Why do I encounter crypto scams?

Scammers employ multiple strategies to disseminate their scams, including phishing emails, social media account takeovers, deceptive ads and pop-ups on dubious websites, WordPress site hijackings, and platforms associated with rogue advertising networks.

Will Combo Cleaner protect me from scams?

Combo Cleaner can inspect websites and detect scams. Upon detection, users receive immediate alerts, and access restrictions are promptly enforced to protect against potential threats.

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About the author:

Tomas Meskauskas

Tomas Meskauskas - expert security researcher, professional malware analyst.

I am passionate about computer security and technology. I have an experience of over 10 years working in various companies related to computer technical issue solving and Internet security. I have been working as an author and editor for pcrisk.com since 2010. Follow me on Twitter and LinkedIn to stay informed about the latest online security threats. Contact Tomas Meskauskas.

PCrisk security portal is brought by a company RCS LT. Joined forces of security researchers help educate computer users about the latest online security threats. More information about the company RCS LT.

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Malware activity

Global malware activity level today:

Medium threat activity

Increased attack rate of infections detected within the last 24 hours.

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