As a seasoned cryptocurrency analyst with several years of experience in the industry, I’ve witnessed firsthand the allure and excitement surrounding popular meme coins like Shiba Inu (SHIB). With its large online community and unique ecosystem, SHIB is undeniably a force to be reckoned with. However, this popularity also makes it an attractive target for scammers and hackers.


Shiba Inu (SHIB) is known as one of the original meme coins featuring a canine theme. It boasts a substantial following among all digital currencies, with a large and active online community.

A bustling ecosystem can be a source of excitement, but it also attracts unwanted attention from hackers who persistently try to swindle users out of their valuable funds.

The SHIB team regularly issues important alerts and advises caution to their community due to the nature of the project.

Marketing head Lucie of the project recently tweeted a reminder that one of the projected tokens has not yet been activated for use.

As a cautious crypto investor, I want to remind you that the treatsforShib project has not been officially launched as of now. Be wary of potential scams and always double-check any information before making any investment decisions regarding $TREAT.

Remember, @treatsforShib IS NOT LAUNCHED YET.
Don’t let scammers deceive you.
$TREAT IS NOT LAUNCHED YET.
— (@LucieSHIB) July 19, 2024

LUCIE’s alert pertains to a widespread scam technique where fraudsters generate counterfeit tokens bearing identical tickers as legitimate ones. These deceptive actors meticulously fabricate convincing logos and branding materials, as well as creating fake identities on various platforms such as X and Telegram groups. Their ultimate goal is to entice unsuspecting investors into participating in a phony presale or purchasing tokens from them, only to abruptly abandon the project and disappear with the funds (rug pull).

In other words, be vigilant as there are individuals who may attempt to deceive you in the crypto world. Therefore, ensure you follow the most secure and proven methods when engaging with different cryptocurrency projects.

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2024-07-21 10:10