Shiba Inu (SHIB) Team Member Warns of TREAT Token Scam

The executive took to the official SHIB GitHub page to issue a scam warning related to TREAT tokens. He reiterated that the team always values its community’s safety and urged the members to stay vigilant against such scams.

The scam plays upon the high interest in decentralized finance (DeFi) tokens like SHIBA, making a speculative play on TREAT, an unauthenticated coin. These scams tend to operate by impersonating successful cryptocurrencies and tricking investors into putting money into something that has no real backing or credibility.

“We’ve seen illicit activities revolving around the TREAT token. It is important to confirm that TREAT is not related in any way with Shiba’s ecosystem. We have not announced any token with that name. It’s a scam that’s trying to exploit our community,” said the SHIB executive.

He further emphasized that all official announcements would be made through their official channels and urged the community members to cross-check any information related to new tokens. He also asked SHIB members to report suspicions scams to the team and community to protect against potential threats.

Ramping up efforts to combat the scam, the executive added: “We are constantly working to provide a safe atmosphere and are taking all necessary steps to counteract harmful activities. We want to assure the community that all coins associated with the Shiba platform are real and legit.”

Incidents like these emphasize the importance of due diligence and vigilance within the cryptocurrency community. Investors should always verify information using credible sources and understand the risk associated with cryptocurrencies before participating in trades. For those interested in learning more about staying safe within the crypto community, you can visit coinseeks.com for valuable resources and updates.