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Scam warning: Fake SHIB airdrop links steal tokens via wallet approvals, not clicks.

Market News
12 Oct 2026
CryptoTicker
View Source
Bearish
Scam warning: Fake SHIB airdrop links steal tokens via wallet approvals, not clicks.

A fake Shiba Inu (SHIB) airdrop scam circulated on social media, tricking users into granting wallet permissions that allow scammers to drain tokens. The scam involves a malicious contract asking for an approval signature, which lets attackers transfer SHIB tokens without further consent. Experts warn that genuine airdrops never require wallet approval or signatures and advise users to revoke any suspicious approvals using tools like revoke.cash. Holding SHIB on exchanges protects users from this scam, as only self-custodied wallets can be compromised this way. Investors should regularly check and revoke token approvals to safeguard their holdings.

Shiba Inu scam alert provides context for cryptocurrency market trends. For readers following crypto, here is Pluang's market snapshot as of Oct 13, 2026 04:02 WIB: Out of 50 major cryptocurrencies, 6 rose and 42 fell. Notable moves include NEO at Rp44.801 with a -5.42% change, VET at Rp135 down 5.26%, and ONE at Rp34 down 5.19%.

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