#TREAT #cryptocurrency scam:
- **TREAT Token:** A new cryptocurrency #scam involves a token named TREAT, allegedly linked to the Shiba Inu (SHIB) ecosystem.
- **Fake Link and Liquidity Withdrawal:** The anonymous developer behind TREAT deceived investors by creating a fake link to #SHIB , then withdrawing liquidity from the pool, causing the token's value to reset.
- **Complicated Scam:** The developer funded the project with 5 #ETH through a Kucoin address, then transferred 230 million tokens to a SHIB ecosystem-associated address, making it harder to detect.
- **Illusion of Legitimacy:** The developer sent SHIB tokens to various SHIB ecosystem wallets, creating an illusion of legitimacy, but these actions were part of the scam.
- **Promise of Returns:** Investors were attracted by promises of high returns and the association with the popular meme coin SHIB.
- **Rugpull and Losses:** The developer executed a rugpull scam as the token's value peaked, withdrawing ETH from the liquidity pool and leaving investors with worthless tokens.
- **Limited Losses:** The scam ended early, resulting in a loss of only 17 Ethereums in total.
