Shytoshi Kusama, Shiba Inu’s lead developer, alerts the community to beware of scammers promoting unreleased fake tokens. His warning aims to prevent users from falling prey to fraudulent schemes and safeguard the Shiba Inu community from potential financial harm.
Shytoshi Kusama, the lead developer of Shiba Inu, has issued a cautionary message to the community following the emergence of counterfeit versions of unreleased SHIB ecosystem tokens by scammers. Kusama’s warning serves to alert users and advises them to stay vigilant in order to avoid falling victim to these fraudulent activities. By raising awareness about these fake tokens, Kusama aims to protect the Shiba Inu community from potential scams and maintain the authenticity of the project.
Shiba Inu’s lead developer, Shytoshi Kusama, took to Twitter to caution the community against falling for scams involving SHI and TREAT tokens. Kusama emphasized that these tokens are not currently available for investment. By issuing this warning, Kusama aims to protect the community from potential fraudulent activities and ensure that users are aware of the tokens’ unavailability at present.
— Shytoshi Kusama™ (@ShytoshiKusama) June 21, 2023
Shortly after the much-anticipated release of Shiba Inu’s physical product, Shibacals, the lead developer Shytoshi Kusama issued a statement warning the community about scams involving SHI and TREAT tokens. Interestingly, Shiba Inu’s fraud monitoring platform, Shibarium Scam Alerts, has also confirmed the presence of counterfeit SHI and TREAT tokens in circulation. This highlights the importance of vigilance within the community to avoid falling victim to fraudulent schemes associated with these tokens.
Shibarium Scam Alert has issued a warning to the community regarding illegal tokens, namely SHI and TREAT, which have not been officially released. The alert shared a screenshot showing a scammer promoting these tokens on Twitter.
SHI is an upcoming algorithmic stablecoin for Shiba Inu, pegged to 1 Cent ($0.01) upon launch, while TREAT is an upcoming ecosystem token awarded for staking and liquidity. The official release date for these tokens has not yet been announced by the Shiba Inu team.
Despite ongoing scamming attempts within the community, Shytoshi Kusama, the lead developer, took the responsibility to inform and protect the community members.
In a notable statement last month, Shytoshi Kusama emphasized that the Shiba Inu team has not released SHI and TREAT tokens. Kusama made it clear that any tokens purporting to be created by the team are fraudulent. This serves as a reminder to the community to exercise caution and avoid falling victim to scams associated with these tokens.
Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.
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