Recently, the lead developer of Shiba Inu, Shytoshi Kusama, announced that the project team raised $12 million during the sale of TREAT tokens to venture investors, but the number of tokens sold remained unknown. The developers promise to use the raised funds to develop a third-level solution based on Shibarium, which is designed to increase confidentiality.
The scammers decided to take advantage of this information and began publishing messages as if the Shiba Inu team had already provided open access to the tokens. Scammers are distributing malicious links and detailed instructions for investors to purchase fake TREAT tokens.
“The TREAT token has not been officially launched. Please use caution. Refrain from any transactions related to TREAT until information appears on the official sources of the project. Please share this message to protect others from being scammed. Pay special attention to financial security,” the developers warned.
According to March data from IntoTheBlock, the number of new Shiba Inu addresses has grown 20 times faster in recent months. Google Trends analysts reported that user interest in Shiba Inu is trending toward an all-time high in December 2021.
Source: Bits
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