Beware, Shiba Inu Enthusiasts: Scammers Promoting Counterfeit Tokens

• Urgent Warnings Issued for Shiba Inu Community Amid Rising Scams
• Scammers Exploit Anticipation for Unreleased TREAT Token
• Shiba Inu Lead Developer Exposes Scam
• Scammers Leverage Hype Around SHIB's Oshiverse Project
• Alert Over Phony Shiba Inu Magazines
• Shiba Inu Community Faces Heightened Threat
• Emphasis on Official Links and Verified Channels

Urgent Warnings Issued for Shiba Inu Community Amid Rising Scams

The Shiba Inu$0.000010 -2.05% community faces urgent scam warnings this week, with fraudsters exploiting interest in new tokens and platforms. Shiba Army Scam Alerts, a scam watchdog, underscores two new techniques scammers are using to deceive SHIB holders and pilfer assets.

Scammers Exploit Anticipation for Unreleased TREAT Token

First, the Shiba Inu watchdog has alerted the community about scams surrounding the upcoming TREAT token. Although TREAT is expected to be a part of the SHIB ecosystem, it has not been officially released yet. The watchdog warns that any claims suggesting that TREAT is already available to trade are deceptive.

⚠️ Warning: Shiba Ecosystem's $TREAT has not been officially released. Beware of malicious groups trying to deceive. Tokens not linked to the Shiba Ecosystem are in circulation; stay alert against false claims and prioritize your safety.

Shiba Inu Lead Developer Exposes Scam

Shytoshi Kusama$49.4 -1.55%, Shiba Inu's lead developer, recently exposed a scammer on Twitter falsely stating to have launched TREAT and SHI, another upcoming token. Kusama reemphasized that any current links offering TREAT for purchase are, indeed, fraudulent.

Scammers Leverage Hype Around SHIB's Oshiverse Project

The scam warnings coincide with the increasing hype around TREAT, which is set to serve as a reward token within Shiba Inu's forthcoming Oshiverse metaverse project. Opportunist scammers are exploiting this anticipated excitement to trick investors into purchasing counterfeit copies.

Alert Over Phony Shiba Inu Magazines

In a secondary alert, Shiba Army Scam Alerts warned users of fraudulent Shiba Inu magazines minting non-existing NFTs. These scammers are replicating the authentic "SHIB The Metaverse" magazine website to phish wallet signatures and drain funds.

Shiba Inu Community Faces Heightened Threat

The incidents underscore the elevated threats the Shiba community faces with its burgeoning profile and forthcoming launches. As SHIB develops more utilities and applications, investors must stay vigilant against groups leveraging hype to carry out scams.

Emphasis on Official Links and Verified Channels

The warnings stress the importance of using only official links shared by the verified Shiba Twitter account and confirmed channels such as the project's Discord. Suspicious URLs that stray from the actual site or offer deals that are too good to be true are obvious scam indicators.

Edited by Jonathan Stoker