Shiba Inu holders have been given a heads-up that will ensure the safety and security of their crypto assets.
SHIB Magazine launched in November to the delight of the Shiba Inu community and is now publishing its sixth issue.
Since its launch, every SHIB Magazine issue has come with free NFT mints. The sixth one, for instance, allows users to mint 3,000 free NFT covers.
Amid the excitement brought on by the treats offered by SHIB Magazine, Shib Army scam alerts, or Susbarium, issued a critical warning to SHIB holders regarding the private key for the wallet address they are using for their Shib Magazine NFT covers.
🚨SHIBARMY ALERT:🚨
As you may have noticed you now have access to your private key for the wallet address you are minting your Shib Magazine NFT covers to. Please read the following for your understanding and safety…
1. A private key is a critical component of cryptographic…
— Shibarmy Scam Alerts (@susbarium) December 12, 2023
The private key is essentially a secret code that demonstrates ownership of a certain wallet address. It is critical for security because having the private key allows complete control over related cryptocurrency funds.
Because of this, Shiba Inu owners are strongly advised not to share their secret keys with anyone.
Sharing the private key simply means granting someone else control and transferring authority over the funds linked with that key. This also raises substantial security issues, as illegal access and severe financial loss can occur if the private key gets into the wrong hands.
While excitement remains for the Shiba Inu Magazine and explosive Shibarium growth, Shiba Inu holders are advised not to click on links unless they are confident they are secure. For verification, users should double-check these links with official Shiba Inu channels.
Shiba Inu Discord users are also warned to beware of fake people claiming to be Shibarium support.
This is because the Shiba Inu team will never send a direct message first to provide help. Shiba Inu has an in-house Discord support system in place to handle user queries to avoid scams.
