Shiba Inu suddenly receives a security update for SHIB holders, what’s behind it?

Prominent Shiba Inu community member Mazrael shared an important security alert with the SHIB community as malicious attackers step up their efforts to drain the wallets of unsuspecting victims.

In a tweet, Mazrael urged the Shiba Inu community to remain vigilant, stating that Shib’s CCIP official cross-chain contract is posted on SHIB’s official website and that any claims to the contrary are likely misleading or, worse, an attempt to drain users’ tokens.

CCIP in this context refers to Chainlink’s cross-chain interoperability protocol, which connects the Shiba Inu ecosystem with over 20 blockchains.

In another tweet, Mazrael urged the Shiba Inu community to fight for what has been delivered, such as ShibDAO and ShibIO, as bad actors try to capitalize on the Shiba Inu’s popularity with fake ones.

The recent alert was delivered to the Shiba Inu community by Susbarium Trust Watch, an X-account dedicated to protecting the Shiba Inu community and detecting fraudulent activity. In a tweet, Susbarium claims that “Leash V2 Migration” is available and urges the Shiba Inu community to be wary of fraudulent messages. These posts often include fake portals that prompt users to connect to their wallets. Shiba Inu owners are advised to never visit these sites as they may deplete their assets.

Shiba Inu newly registered as Gemini

Leading crypto exchange Gemini recently announced a list of new perpetual contracts for six meme cryptocurrencies, including Shiba Inu.

According to the announcement, Gemini’s European customers can now trade permanent Shiba Inu contracts. This allows users to take long or short positions in Doge Coin within the Gemini platform with up to 100x leverage and no monthly expiry.

Perpetual contracts for BONK, DOGE, FLOKI, PEPE, and WIF are listed alongside Shiba Inu, allowing up to 100x leverage and no expiration date.

At the time of writing, SHIB had fallen 0.96% in the past 24 hours to $0.000008631, in line with the crypto market decline since the beginning of November, and down 12% for the week.