Shiba Inu, one of the main developers of the dog-themed coin, released a critical warning to members of the SHIB community regarding an ongoing scam attack involving one of SHIB’s native tokens, TO TREAT.
Fraudulent attackers launch fake TREAT token
On June 2, a Shiba Inu member identified as “Digarch” sharing a screenshot of a scam alert from Shiba Inu lead developer DaVinci on X (formerly Twitter). Along with this alert, Digarch issued a stern warning, urging the Army SHIB exercise extreme caution during this volatile time.
The screenshot posted by Digarch comes from the official SHIB Discord account, a regularly used platform for daily updates and discussions about the Shiba Inu ecosystem. In his message to the Shiba Inu community, Da Vinci has raised serious concerns regarding the listing and distribution of fraudulent tokens falsely claiming association with the SHIB ecosystemits developers and the Shibarium project.
DaVinci’s statement revealed that ‘deceptive individuals’ launched a fake PROCESSING token, under the guise of being directly involved in the SHIB ecosystem. These fake tokens are currently listed on popular crypto platforms like CoinMarketCap and crypto exchanges like CoinGecko.
Informing community members about these malicious activities, developer Shiba Inu advised SHIB Members exercise caution and conduct thorough research before investing or committing to any tokens. It revealed that malicious actors changed their scam tacticsinitially misusing Ryoshi Research’s psychics, but now illegally exploiting the Shiba Inu State and Canine Code.
What is disturbing is that these fraudulent attackers have also embedded the official SHIB website address, shib.io, in their scam promotional videos to enhance the credibility of their false claims and illegal schemes.
DaVinci explicitly clarified that the native SHIB token, TREAT, has not yet launched. Therefore, any tokens claiming to be Treat or associated with Treat are fraudulent and intended to deceive and deceive members of the SHIB community. Engaging with these fraudulent tokens could result in serious financial consequencesas they are not affiliated with the Shiba Inu ecosystem and have intrinsic value or a strong community supporting it.
The Shiba Inu developer acknowledged that due to Shiba exchangeDue to the decentralized nature of , bans on the fake TREAT token cannot be enforced. However, to protect members of the SHIB community, the team will continue to unequivocally express its disapproval of these malicious individuals and their unsavory behavior. fraudulent practices.
About Shiba Inu Real TREAT Token
The real Shiba Inu TREAT token is part of the ecosystem utility tokens, SHIB, LEASH, SHI and BONE. Although each token has a distinct function within the Shiba Inu ecosystem and Shibarium NetworkTREAT was specifically designed to improve the liquidity of the SHI stablecoin and serve as a reward token like BONE for the ShibaSwap crypto exchange.
According to official reports from SHIB’s main marketing member, Lucy, the TREAT token is still in the development phase and has not been released. Despite rumors suggesting that the SHIB token was launched in 2023, Lucie debunked these claims in a previous X article, clarifying that TREAT has not yet been introduced.
“TreatsforShib, aka $TREAT by SHIB.IO, has NOT been released yet. I noticed some confused journalists posting that it was released in 2023. NO, IT WASN’T”, Lucie declared.
The Shiba Inu marketing manager also urged community members to remain vigilant and always check information from SHIB’s official website or its account on Discord.
Featured image created with Dall.E, chart from Tradingview.com
