TL;DR
- Scammers are exploiting excitement around Shiba Inu’s TREAT token launch, scheduled for January 14, 2025.
- Fraudsters are targeting the SHIB community with fake giveaways, phishing emails, and forged social media accounts. Users should protect their information and report suspicious activities.
Stay Safe, SHIBARMY!
Wrongdoers often target the vast Shiba Inu (SHIB) community, which consists of millions of investors, proponents, and developers. They use different methods to embezzle unsuspecting victims, often conning them with fake offers about assets part of the meme coin’s ecosystem.
The most recent scheme includes TREAT, a reward token that provides incentives for users engaging with Shiba Inu’s protocols, including the layer-2 scaling solution Shibarium. The team recently announced that its official launch will be on January 14, 2025.
While the development sparked huge enthusiasm across the community, Shibarium Trustwatch (an X account that aims to provide security) warned users to remain extra careful until that date.
The team claimed that scammers have used the ongoing excitement as an opportunity to offer fake TREAT services to people, alerting users to stay away from such dubious individuals.
Previous Alerts
Around Christmas, Shibarium Trustwatch warned people to stay vigilant for several common crypto scams that may result in crucial losses. Some examples are fake giveaways, which offer “free” tokens, merchandise, or NFTs, and phishing emails.
The team claimed fraudsters send emails to victims, pretending to be from official SHIB-related projects, thus trying to steal their login credentials.
Other things the community should watch out for include fake social media accounts, Ponzi schemes, forgery charity appeals, and more.
Conclusion
In conclusion, as the TREAT token launch approaches, it is essential for the SHIB community to remain cautious and vigilant against scammers. By being aware of the tactics used by fraudsters, users can protect their information and avoid falling prey to their schemes.
FAQs
Q: What is the TREAT token launch date?
A: The official launch of the TREAT token is scheduled for January 14, 2025.
Q: How can I stay safe from scammers?
A: Be cautious of fake giveaways, phishing emails, and forged social media accounts. Always verify the authenticity of information before acting on it.
Q: What are some common crypto scams to watch out for?
A: Some common crypto scams include fake giveaways, phishing emails, and Ponzi schemes. Always be wary of suspicious offers and investigate before taking any action.
Q: How can I report suspicious activities?
A: Report suspicious activities to the relevant authorities or the SHIB community’s official channels.
