🚨 Shiba Inu( SHIB) Scam Alert: Please Be Careful

The 'Shibarmy Scam Alert' account on the X platform has issued a caution to the global Shiba Inu (SHIB) community due to an uptick in scammers posing as SHIB development team members. One recent incident involved a fake social media account on Telegram pretending to be Kaal Dhairya, a prominent SHIB developer. These scammers aim to deceive users by sharing false information, leading them to fraudulent websites, and attempting to gather personal data for malicious purposes.

The 'Shibarmy Scam Alert' account stressed the importance of staying in touch with official team members and reminded users that no legitimate SHIB team member would initiate contact through direct messages or ask for wallet links or personal information.

Additionally, the same source issued a warning about potential scams related to the upcoming TREAT token, which is set to power a layer-3 solution on the Shibarium blockchain once launched. The alert clarified that the SHIB team has not officially released TREAT, contrary to misleading claims. The 'Shibarmy Scam Alert' account advised the SHIB community to refrain from any transactions or investments involving TREAT until its release is confirmed by trustworthy sources.

In other developments, the Shibburn account reported a notable increase in the SHIB burn rate. In the past 24 hours, the burn rate surged by 19.64%, resulting in a total of 5,862,502 SHIB tokens being sent to unspendable blockchain addresses, effectively reducing the circulating supply. Notably, the largest burns amounted to 3,285,122 and 1,010,509 SHIB tokens. To date, an impressive 410,726,111,151,270 SHIB tokens have been burned by the SHIB team and community members. This year and in late 2023, Shiba Inu developers have contributed to burning several billion meme coins.

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