Shiba Inu lead developer Shytoshi Kusama has warned the community after scammers introduced fake versions of unreleased SHIB ecosystem tokens.
Shiba Inu (SHIB) Lead Developer Warns Against Scams, Says SHI and TREAT Are Not Available Yet
In a tweet, Kusama warned the community not to be scammed by investing in SHI and TREAT tokens. The Shiba Inu lead developer emphasized that the tokens are not yet available.
And no Treat and Shi are not yet available. Please dont get scammed.
— Shytoshi Kusama™ (@ShytoshiKusama) June 21, 2023
It was noteworthy that Kusama made this statement a few hours after the highly anticipated Shiba Inu introduced its physical product, Shibacals.
Meanwhile, Shiba Inu's proprietary fraud monitoring platform, Shibarium Scam Alerts, has confirmed the circulation of fake SHI and TREAT tokens.
Shibarium Scam Alert has warned the community to beware of these illegal tokens as SHI and TREAT officials have yet to be released. Shibarium Scam Alert also shared a screenshot of the scammer promoting these tokens on Twitter.
It is worth noting that SHI is the upcoming algorithmic stablecoin for the Shiba Inu. Unlike most stablecoins, SHI will be pegged to 1 Cent ($0.01) at launch.
Similarly, TREAT is an upcoming Shiba Inu ecosystem token. The team behind Shiba Inu stated that TREAT will be awarded as a reward for staking and liquidity. At press time, the team has not officially announced the release date of the tokens.
Meanwhile, scammers continued to target members of the Shiba Inu community with different antics. However, Kusama considered it his duty to alert the community.
Last month, Kusama stressed that the Shiba Inu team has not yet released SHI and TREAT, stating that any tokens claiming to be created by the team are fake.
*Not investment advice.
