TL;DR
- Scammers are exploiting excitement around Shiba Inu’s TREAT token launch, scheduled for January 14, 2025.
- Fraudsters also target the SHIB community with fake giveaways, phishing emails, and forged social media accounts. Users should protect their information and report suspicious activities.
‘Stay Safe, SHIBARMY!’
Deceitful individuals frequently prey upon the extensive Shiba Inu (SHIB) community, a group comprising millions of investors, supporters, and creators. They employ various tactics to steal from unaware victims, often luring them with fraudulent promises regarding assets within the meme coin’s ecosystem.
The latest plan encompasses TREAT, a reward token, which motivates users to interact with Shiba Inu’s protocols, including the layer-2 scaling solution Shibarium. Notably, the team has declared that the official launch of this initiative will take place on January 14th.
Although the progress ignited great excitement throughout the community, the Shibarium Trustwatch (a security-focused X account) urged users to exercise additional caution until the specified date.
The team warned that fraudsters are exploiting the current enthusiasm by pretending to provide false TREAT services, urging users to steer clear of these questionable characters.
Currently, they’re leveraging SHIB social media platforms as part of their deceptive scheme. Be cautious and avoid falling prey to these cunning scammers who operate like vultures, circling for their next victim. We humbly urge you not to get tricked by these scams.
The TREAT launch is set for January 14th, 2025, without any delay. If you have any doubts at any point, please consult us beforehand. Always prioritize safety, SHIBARMY.
Previous Alerts
Approaching the holiday season of Christmas, Shibarium Trustwatch issued a cautionary reminder for people to remain alert against several prevalent cryptocurrency scams that could lead to substantial losses. These deceitful activities include bogus giveaways promising “free” tokens, merchandise, or NFTs, as well as fraudulent phishing emails.
The team stated that con artists are sending emails to unsuspecting individuals, posing as legitimate SHIB-associated initiatives, with the intention of stealing their login information.
Keep a close eye on additional potential issues such as bogus social media profiles, Ponzi scams, fraudulent charity solicitations, and similar deceptive activities within the community.
Offering your personal details or getting tricked by these scams doesn’t just endanger you – it could result in your data being purchased on the dark web, a place where cybercriminals misuse it for identity theft and other harmful actions. Scammers often take advantage of trust, compassion, and generosity, particularly during holiday seasons, so we need to remain cautious, the team advised at that time.
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2025-01-06 15:06