Critical notice from the Shiba Inu (SHIB) team.

Shiba Inu (SHIB) is one of the so-called OG dog-themed meme coins and has one of the largest online communities among all cryptocurrencies in general.

While this may be a sign of a thriving ecosystem, it is also a target for many hackers who are constantly trying to scam users out of their hard-earned money.

That’s why the team behind SHIB often issues critical warnings and urges its community to be cautious.

LUCIE, the project’s marketing manager, recently took to Twitter to remind users that one of the tokens they plan to issue isn’t live yet.

Remember that treatsforShib has not been launched yet. Don’t let scammers fool you. $TREAT has not been released yet.

remember, @treatsforShib Not released yet.

Don’t let scammers fool you.

$TREAT Not released yet. pic.twitter.com/SpkZZtHl8A

— (@LucieSHIB) July 19, 2024

The warning that LUCIE issues is related to a very popular means of tricking users into losing their funds. An author would create a fake token that carries the same ticker as the original. They would then go on to develop and design creative assets that mimic that of the original project. They would create fake usernames and accounts on X, and fake groups on Telegram and other social channels. Their sole purpose is to lure people into buying a fake presale or buying tokens they’ve released, only to quickly dump them later.

On that note, remember that there is always someone whose job it is to scam you, so make sure you always use best practices when interacting with various crypto projects.

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