Major Shiba Inu (SHIB) Warning: Team Sounds the Alarm

TL;DR

• Community members are advised to follow official sources and avoid interactions with anyone claiming access to exclusive tokens or rewards.
• Fake groups and impersonators on Telegram are targeting users, so the team urges caution with linking wallets or sharing personal info.

Another Alert

The team advised users to follow the official X accounts of Shiba Inu, Shytoshi Kusama (the pseudonymous leading developer of the meme coin), Kaal Dhairya (another prominent developer), and Treat for more clarity on the matter.

SHI and TREAT are tokens designed to enhance functionality and stability within the SHIB ecosystem. The former is an upcoming algorithmic stablecoin intended to maintain a consistent value. It will aim to counterbalance market fluctuations, providing a reliable medium of exchange.

TREAT is a reward token that will serve multiple purposes. It will provide liquidity for the SHI stablecoin, replace BONE as the reward asset for ShibaSwap, and play a role within the Metaverse and certain Shiba Inu-related blockchain-based games. 

“The team behind this has no involvement with the Shib ecosystem, and the token they’re promoting will not be used in any official Shib projects,” the warning reads.

Watch out When Using Telegram

“They will drain your wallet content. Stay safe, Shibarmy, and keep your eyes open,” the warning reads.

“It has come to our attention that there are scammers operating on Telegram DMs, targeting unsuspecting users Shiba Ecosystem & Shibarium Tech group. These scammers may pose as legitimate individuals or organizations, attempting to deceive you into sharing personal information, financial details, or even sending them money.”