On August 12, 2026, Shibburn, the real-time tracker of Shiba Inu token burns, issued a security alert to the SHIB community on X. The warning urged holders to treat unexpected wallet requests with caution, especially those asking to approve permissions or sign transactions.
"Unexpected wallet requests deserve caution. Read every permission before signing," Shibburn wrote. The reminder highlights a broader crypto security problem: a transaction that looks routine may grant a decentralized application permissions that users do not fully understand. In a separate post, Shibburn also told users never to share a seed phrase or private key, because legitimate support teams will not ask for either.
The alert comes after 2026 has already seen major DeFi exploits, exchange breaches, and the Coldcard hardware wallet exploit that removed Bitcoin from wallets secured by Coldcard devices. On the burn side, Shibburn data showed 2,604,774 SHIB were burned in the last 24 hours, with the daily burn rate falling 8.74%. This added to 48.52 million SHIB burned over the last seven days and 3.35 billion over 30 days. At the time of writing, SHIB was up 0.21% over 24 hours and down 7.63% weekly.
