Shiba Inu Team Warns about Potential Scams Linked to Upcoming TREAT Token and Shiba Inu Ecosystem

by

As a seasoned cryptocurrency analyst with years of experience in the industry, I have seen my fair share of scams and errors that put unsuspecting investors at risk. The recent incident involving Shiba Inu and Crypto.com serves as a reminder of the importance of staying vigilant and double-checking information before taking any action.

The Shiba Inu team, headed by lead developer Shytoshi Kusama, issued a cautionary note to the SHIB community regarding a potential risk linked to a article published on Crypto.com’s platform about Shiba Inu.

For beginners, the trading platform offered a comprehensive walkthrough about the Shiba Inu universe. The piece encompassed information on current tokens such as SHIB, Bone, and Doge Killer (LEASH), in addition to providing insights into the upcoming tokenTREAT. Furthermore, it delved deeper into other aspects of the Shiba Inu system, including the Shibarium blockchain, ShibaSwap exchange, the SHIBOSHIS, and the concepts of Shiba Eternity and SHIB.

The Shiba Inu team initially commended the article as an effective guide for newcomers. however, it wasn’t long before ShibArmy Scam Alerts, a dedicated account for exposing fraudulent activities and safeguarding the Shiba community, unearthed an issue: the article contained a link to a TREAT token site not affiliated with the Shiba Inu team. It was most likely a counterfeit website created by scammers.

Shiba Inu identified an mistake made by Crypto.com on their main X platform, and warned community users to exercise caution and double-check all links prior to clicking. The Shiba Inu team also pledged to reach out to Crypto.com to rectify the error and secure the safety of their readers. Their statement read:

As a responsible crypto investor, I always double-check the links I receive before clicking on them. Unfortunately, Cryptocom shared an incorrect link for the $TREAT token today. To avoid any potential risks, I urge everyone to verify all links through the official Shiba Inu website at http://shib.io and our other authorized channels before proceeding. We’re currently working with Cryptocom to rectify this issue as soon as possible. Stay wise and #ShibaSmart!

The lead developer of Shiba Inu, Shytoshi Kusama, shared his disappointment after an error was committed by the trading firm, Crypto.com. He announced on his X page that Crypto.com had mistakenly mentioned the TREAT token, which has not been launched yet. Kusama advised the SHIB community to exercise caution when dealing with other TREAT tokens, as fraudsters might come up with various schemes to deceive people.

Regrettably, Cryptocom made a mistake in referring to our unlaunched TREAT token in their article, leading you to believe it was already available. Be wary of this misrepresented TREAT token, as well as other potential fraudulent tokens that may emerge with the intent to deceive.

As an analyst, I’d put it this way: In the coming months, I’ll be introducing the TREAT token into the market. This new token will bring along a fresh Shiba Inu layer-3 blockchain that is currently under development. The TREAT token is anticipated to play various roles within the Shiba Inu ecosystem. To avoid potential scams and maintain transparency, the Shiba Inu team has kept quiet about the name of the upcoming blockchain at this point.

Another Shytoshi Kusama Impersonation Scam

As a responsible crypto investor, I’ve come across a concerning issue that needs attention. Although the previous article error has been addressed, it seems that scammers are still active on Telegram, posing as Shytoshi Kusama and soliciting funds from unsuspecting members. I strongly urge everyone in the Shibarmy community to exercise caution and verify the authenticity of any requests for funds before taking action. The crypto company has issued a warning to be wary of such individuals.

“Be cautious on Telegram as scammers may pose as Shytoshi Kusama and solicit funds from you. Rest assured, Shytoshi Kusama will never ask for financial contributions. Stay secure.”

Read More

2024-07-22 16:34