According to CryptoPotato, the Shiba Inu team has issued an official warning about scammers faking aspects of the project, specifically the TREAT token. The team's warning comes as retail investors, who make up a significant portion of the Shiba Inu community, are increasingly targeted by bad actors in the cryptocurrency industry. Scammers are becoming more creative in their methods, with faking tokens being just one of the ways they attempt to steal crypto assets.
This is not the first time Shiba Inu has been impersonated. Last month, the situation worsened when the team launched Shibarium, a layer-two network that was highly anticipated by the community. The launch provided an opportunity for scammers to create fraudulent dApps and rug-pull tokens. The Shiba Inu team advises investors to prioritize research, engage with Telegram and Discord channels, assess the community's atmosphere, examine social media posts, and verify information on Etherscan to avoid falling victim to scams.
