According to U.Today, Lucie, the official marketing lead for Shiba Inu, has issued a warning to the global Shiba Inu community about potential scams involving the TREAT token. The TREAT token has not yet been launched by Shiba Inu developers, but scammers are reportedly targeting unaware users of the Shiba Inu ecosystem, offering to sell them fake TREAT tokens. This is not the first time Lucie and other members of the SHIB team have issued such warnings, as the scams continue to persist.
Lucie, who recently took a break from crypto, reiterated the warning on her social media account. She emphasized that the TREAT token is still in development and has not been officially released. Despite this, Forbes published an article claiming that the TREAT token is already in circulation, leading the Shiba Inu team to remind their community that the token has not yet been completed or released.
The TREAT token is intended to serve multiple purposes, including providing liquidity for the SHI stablecoin, which is also currently under development. However, the SHIB team has limited ability to combat scams related to their ecosystem. In recent social media posts, they have advised users to thoroughly check data on tokens related to the Shiba Inu ecosystem and its layer-2 solution, Shibarium. These tokens are often launched on ShibaSwap, a decentralized exchange, and the team cannot shut down any scam tokens released on it.