Shiba Inu warns of scams ahead of TREAT token launch

The Shiba Inu (CRYPTO:SHIB) team has issued a warning to the community about increasing scams targeting users ahead of the official launch of the TREAT (CRYPTO:TREAT) token on January 14, 2025.

Fraudsters are exploiting the excitement surrounding the new token by offering fake services, giveaways, and phishing attempts.

“The fake TREAT crew are now stepping up their game as we edge closer to the release of the real TREAT token,” the SHIB team said.

The TREAT token is designed to reward users engaging with Shiba Inu’s ecosystem, including the Shibarium layer-2 scaling solution.

Shibarium Trustwatch, a security-focused account, advised users to remain cautious in the lead-up to the TREAT launch.

“They are now using SHIB socials linked to their FAKE TREAT. Please don’t be misled by these predatory scammers. They can be called vultures, circling and looking for their next feed. We ask with heaven on our side, please do not fall for these scams,” the warning continued.

The SHIB team also clarified that the official TREAT launch is set for January 14, 2025, urging users to verify any information and not trust claims about the token’s early release.

Previous warnings by Shibarium Trustwatch highlighted common scams like fake giveaways, phishing emails, and forged social media accounts.

Fraudsters often impersonate SHIB-related projects in emails to steal login credentials and personal information.

“Providing personal information or falling for these scams doesn’t just put you at risk – it may lead to your data being sold on the dark web, where hackers can use it for identity theft or other malicious activities. Scammers exploit trust, kindness, and generosity, especially during the holiday season, so we must stay vigilant,” the team said.

At the time of reporting, the Shiba Inu (SHIB) price was $0.00002411, and the Treat Token (TREAT) price was $0.001469.