According to CryptoPotato, Shiba Inu (SHIB), a prominent dog-themed meme coin, has one of the largest online communities in the cryptocurrency space. While this signifies a thriving ecosystem, it also makes SHIB a target for hackers attempting to scam users. The SHIB team frequently issues warnings to its community to remain vigilant against such threats.

LUCIE, the marketing lead for SHIB, recently took to Twitter to remind users that one of their planned tokens, treatsforShib, has not been launched yet. She emphasized that scammers might try to deceive users by creating fake tokens with the same ticker as the original. These perpetrators often develop and design assets that mimic the original project, create fake usernames and accounts on social media platforms like X, and establish fake groups on Telegram and other channels. Their goal is to lure people into buying fake presale tokens or tokens they have launched, only to execute a rug-pull shortly after.

LUCIE's warning highlights the importance of employing best practices when interacting with various crypto projects. Users are urged to remain cautious and verify the authenticity of tokens and projects before making any transactions.