Shiba Inu Community Alert: Lead Developer Warns of Dangerous Scam Involving Fake TREAT Token
Shiba Inu lead developer, DaVinci, has issued a critical warning to the SHIB community about a scam involving a fake TREAT token. The developer stresses that TREAT has not been launched and cautions users to be vigilant.
Shiba Inu Developer Warns of Fake TREAT Token Scam
A lead developer of the Shiba Inu meme coin has issued a critical warning to SHIB community members about a scam involving one of SHIB’s native tokens, TREAT. On June 2, a Shiba Inu community member named Digarch shared a scam alert from Shiba Inu’s lead developer, DaVinci, on X (formerly Twitter). Alongside this alert, Digarch urged the SHIB Army to exercise extreme caution during this volatile period.
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Scam Attackers Launch Fake TREAT Token
The scammers have integrated the official SHIB website address, shib.io, into their promotional videos to enhance the credibility of their false claims. DaVinci clarified that the TREAT token has not yet been launched. Any tokens claiming to be TREAT or associated with TREAT are fraudulent and aim to deceive SHIB community members. Engaging with these fraudulent tokens could result in severe financial losses, as they are not part of the Shiba Inu ecosystem and lack intrinsic value or community support.
DaVinci acknowledged that due to ShibaSwap’s decentralized nature, bans on the fake TREAT token cannot be enforced. However, the team will continue to express their disapproval of these malicious activities and warn the community.
About the Real Shiba Inu TREAT Token
The real Shiba Inu TREAT token is part of the ecosystem’s utility tokens, which include SHIB, LEASH, SHI, and BONE. Each token has a distinct function within the Shiba Inu ecosystem and Shibarium network. TREAT was specifically designed to enhance liquidity for the SHI stablecoin and serve as a reward token like BONE for the ShibaSwap exchange.
According to SHIB’s lead marketing member, Lucie, the TREAT token is still in the development phase and has not been released. Despite rumors suggesting that TREAT was launched in 2023, Lucie debunked these claims in a previous X post, stating, “TreatsforShib, aka $TREAT from SHIB.IO, has NOT been released yet. I’ve noticed some confused journalists posting that it was released in 2023. NO, IT WASN’T.”
Lucie also urged community members to stay alert and verify information from SHIB’s official website or its account on Discord.
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