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Shiba Inu Watchdog Issues Urgent Warning as Scammers Exploit SHIFU Token

The Shiba Inu ecosystem faces yet another scam attempt as Susbarium, the trusted ecosystem watchdog, issues a new scam alert on Thursday. The latest alert flagged a fraudulent post claiming to offer SHIFU token rewards to users who register within a 24-hour window. The fake announcement shared via X directed users to a suspicious website and urged them to "act quickly" to claim rewards.Warning for the Shiba Inu Army According to Susbarium’s warning, the disclosure is a phishing attempt to deceive users and steal their assets. The post included an image featuring the SHIFU branding, a token of Shiba Inu’s gaming project, Play With Shib. However, the watchdog clarified that the post was not from an official or credible source. "Always verify information through official channels and avoid sharing personal details,” Susbarium stated in its tweet.Official SHIFU Rewards DetailsThe legitimate SHIFU token initiative is part of a partnered airdrop between Play With Shib and Imaginary Ones to reward participants within the Play-to-Earn ecosystem.Earlier this month, Shiba Inu lead developer Shytoshi Kusama announced a tournament for Shiba Eternity that offered incentives such as 500 BONE and SHIFU airdrop points. The competition ran from November 29 to December 2. It allowed participants to win BONE and earn SHIFU points, boosting eligibility for the upcoming airdrop. This event is part of efforts to engage players with Shiba Eternity’s Web3 beta ahead of its mainnet launch. The game is still in beta, with no set date for the full launch.Shiba Inu ecosystem official platforms will communicate any announcements regarding SHIFU rewards or related events.Scammers Target the SHIB Army as the Ecosystem ExpandsThe Shiba Inu community has long been a recurring target for scammers due to the project’s popularity and active user base. As Shiba Inu expands its ecosystem with projects like Shiba Eternity and the SHIFU token, the risk of fraudulent schemes has also grown.Kusama recently exposed how scammers exploit his interactions with the SHIB community. Scammers have been buying accounts he follows on X and using them to promote fake tokens, especially TREAT, by impersonating influencers. Kusama stressed the importance of relying on official channels for information. Emphatically, the Shiba Inu team continues to warn users about fraudulent TREAT tokens, emphasizing that they are not yet live for trading. Decrypt

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WhiteBIT’s Institutional Focus Drives Trading Volume to Record $2.7 Trillion in 2024

Vilnius, Lithuania, December 20th, 2024, Chainwire Europe’s leading cryptocurrency exchange, WhiteBIT , concludes the year with notable achievements. The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion — a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users. For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion. According to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative strategies and strategic focus: “Reaching $2.7 trillion is the result of our dedicated teamwork and the trust of our clients. We remain committed to developing cutting-edge technologies tailored to the needs of both retail and institutional traders.” Top 2 in Traffic In the fall of 2024, WhiteBIT secured its position as the second-most visited crypto exchange, with 33 million visits to the platform. This achievement positions it just behind Binance, reflecting the steady interest in WhiteBIT’s services. Key Drivers of Growth One of the primary contributors to WhiteBIT’s record trading volume has been the onboarding of institutional clients . The exchange introduced a market maker program tailored to the requirements of large-scale traders. With low fees and rebates as high as -0.01%, the program provided conditions for high-frequency trading, drawing professional traders to the platform. Institutional loans also became a cornerstone for building trust within the professional community, enabling large-scale transactions. The platform’s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients. The introduction of a new affiliate program contributed by engaging communities of retail traders, supporting user acquisition, and enhancing trading activity, which played a role in WhiteBIT’s strong performance. Currently, the exchange serves over 1,300 institutional clients. Expanding Global Reach Today, over 30 million people worldwide use services and products from the WhiteBIT Group holding. These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced 349.39% growth over the year. With 600+ trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market. In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market. Commitment to Security WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked among top 5 in security by CER.live, it is the first crypto exchange to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification. The platform also holds a Payment Card Industry Data Security Standard (PCI DSS) certification, safeguarding customer payment information, and has been recognized by Hacken for excellence in cybersecurity. WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem. About WhiteBIT WhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, 300 assets, and supports 9 fiat currencies. As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team, and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and worldwide. Contact WhiteBIT PR Service pr@whitebit.com Decrypt