According to U.Today, the Shiba Inu community has been warned about circulating misinformation concerning the release of the TREAT token. Shibarmy Scam Alerts, a platform dedicated to identifying scams and safeguarding the Shiba Inu community, has issued an urgent alert. The alert emphasizes that the TREAT token has not been officially launched, contrary to recent claims. The Shiba Inu community is urged to exercise caution and avoid any transactions or investments related to TREAT until its release is confirmed by legitimate sources.
The community is also advised to protect their assets by not participating in any unauthorized TREAT-related activities and by prioritizing financial security. Shiba Inu has recently made significant strides, successfully raising $12 million from strategic VC partners led by Cypher Capital to launch its next-gen Fully Homomorphic Encryption (FHE) blockchain, which will be powered by the upcoming TREAT token. The FHE technology, which enables computations on encrypted data, could revolutionize privacy and trust in cryptocurrency.
However, the anticipation surrounding the TREAT token also brings significant risk, hence the urgent alert. The Shiba Inu community is reminded that any claims of the TREAT token being released are false as the SHIB team has not initiated any such launch. They should also rely only on official announcements for accurate information regarding the TREAT launch.
In other news, the Shiba Inu decentralized exchange ShibaSwap has migrated to Shibarium, marking a significant step forward in ShibaSwap's progress and enabling new possibilities and innovation on the Shibarium blockchain.
