$39 000+ USD

MAY 2021




"Buy, Sell and Trade 10,000 unique Shiboshis. Unique and only available on ShibaSwap. You do not want to miss this unique NFT drop!" "Launched in July 2021, the ShibaSwap exchange provides many of the same functions you would find on Uniswap and other decentralized exchanges, such as token swapping and liquidity pools, with the addition of other features such as staking, governance and a “Shiboshis” non-fungible token (NFT) marketplace."


"SHIB and LEASH are best purchased and sold through ShibaSwap, but can also be found on Uniswap and an ever-growing list of CEXs. Please note that, outside of ShibaSwap, exchanges which support one may not support the other." "ShibaSwap is the native decentralized exchange (DEX) of the shiba inu coin project; a popular meme coin and leading competitor of dogecoin that has risen to fame over the last 18 months. DEXs operate differently from centralized platforms such as Binance and Kraken by allowing users to swap tokens without the need for an intermediary or counterparty."


"Shiba Inu is a popular dog-themed meme coin that was inspired by the success of Dogecoin and has earned itself the title of “Dogecoin killer.” Shiba Inu recently [November 2021] managed to briefly surpass Dogecoin in market capitalization, partly thanks to its ShibaSwap exchange." "ShibaSwap enables users to provide liquidity and swap different tokens while earning its governance token BONE in the process. Users can also trade NFTs, so-called “Shibatoshis,” a collection of 10,000 unique NFTs related to the Shiba Inu ecosystem. Other functionalities include staking, swapping tokens, collecting rewards and checking portfolio analytics."


"I'm not here to tell you what to do with Shibaswap. That's a project I'm just watching from the sidelines. But I did notice there might be a fake Shibaswap trying to take advantage of all you Inus. The one that looks like a scam is at shibaswap.co, while the real one is at shibaswap.com."


"shibaswap[.]co (unlike [.]com) is a phishing site that (as one would expect) asks for you secret seed phrase (in Spanish). This is the leading result for "shibaswap" on @DuckDuckGo."


"If you go to the fake one and you accidentally connect your wallet, I would immediately move everything out of that wallet. You never know what kind of crazy shit could be on the contracts on that page. The page itself could also have malware on it, so I'd also run a malware check if you come off of the fake page."


"Reme[m]ber also shibaswap.co is also SCAMMMM. [B]e careful[,] [t]eam @Shibtoken. [L]et the community know this."


"#ShibaArmy be careful I type shibaswap in google search and it list the http://1.st page http://shibaswap.co I opened It with google chrome with no script protection (Yeah, my fault! I know, stupid!!!) I close the site immediately but It was too late! Lost ALL!"


"I got scammed out of 10k by going to http://shibaswap.co! I'm not a whale but a minnow. It really hurt me bad. What goes around comes around as God sees all."


"@DuckDuckGo IDK how to report sites but https://shibaswap.co and https://shibaswap.works are the 2nd and 3rd results when searching for https://shibaswap.com. The other two are #phishing sites that are stealing peoples seeds #ShibaSwap #ShibaCoin."


"Hi @micomco can you look in to this? This website (http://shibaswap.co) that your company hosts is infringing on at least one copyright owned by @Shibtoken. The original NAME/PHOTO was copied onto your servers without permission. Your prompt response would be appreciated."


"Hello, please send us an email to abuso@mi.com.co attaching the evidence, and we will respond in the shortest possible time, we have already received reports about this domain but we have not received any evidence yet."


"Before you connect your wallets to any new site, check them on the major coin hubs. Coingecko, Coinmarketcap and the rest are by no means perfect. But they are better than nothing. Also, make sure you check the veracity of sites with the Telegram/Clubhouse/Discord group that maintains the community for the protocol before just running around out here in crypto."

ShibaSwap is a popular decentralized exchange platform used to swap between different tokens in the Shiba Inu ecosystem. While the .com website appears to offer a legitimate exchange, the .co and other variants are phishing websites which trick users into approving malicious wallet-emptying transactions. At least $39k worth of tokens were stolen through this trickery, and there are undoubtedly many more not publicly reported. There is no indication of any funds having been recovered.


Always bookmark the URLs of popular websites that you use regularly after checking them against multiple independent sources, and never rely on sponsored search results to help you navigate, especially to cryptocurrency-related services.


Carefully check all transactions before approving them. Keep most funds stored offline in a secure and unused wallet. Never have more funds in your active wallet than you are currently using for a single transaction, and consider first running a test transaction with a smaller amount.


Check Our Framework For Safe Secure Exchange Platforms

Sources And Further Reading

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