Shiba Inu Holders Targeted by Sophisticated Wallet Spoofing Scam
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Fraud Technique Evolution: Cryptocurrency scammers have launched a sophisticated wallet address spoofing attack targeting Shiba Inu holders, exploiting normal transaction behaviors, which could lead to significant financial losses for victims.
- Attack Mechanism Unveiled: Scammers monitor active SHIB wallets and generate fake addresses that closely resemble legitimate ones, sending small 'dust' transactions that blend into victims' transaction histories, tricking users into copying the wrong address and transferring funds directly to the scammers.
- Market Environment Impact: The timing of these attacks coincides with positive market momentum for Shiba Inu, with SHIB's price gaining 0.65% in the last 24 hours and 28.8% weekly, attracting more user attention to wallets and increasing opportunities for scammers to strike.
- Security Alert Issued: On December 6, Shibarium Trustwatch issued urgent warnings about this new type of fraud, emphasizing the importance of vigilance in the cryptocurrency market to prevent financial losses.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
