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 unnamed. The developers promise to use the funds raised to develop a third-level solution based on Shibarium, which is designed to increase privacy.
The scammers decided to use this information and began posting messages as if the Shiba Inu team had already provided open access to tokens. Scammers spread malicious links and detailed instructions for investors to purchase fake TREAT tokens.
"The TREAT token has not been officially launched. Please be careful. Refrain from any transactions related to TREAT until information appears on the official sources of the project. Spread this message to protect others from fraud. Pay special attention to financial security," the developers warned.
According to IntoTheBlock's March data, 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 aiming for a historic high in December 2021.