- SHIB’s official marketing expert, Lucie, cautions the community about a fraudulent TREAT token scheme.
- Shibarium, Shiba Inu’s Layer-2 blockchain, marks commendable milestones with impressive transaction and account figures.
Navigating the Turbulent Waters of Token Scams
In the dynamic and intricate realm of blockchain, vigilance is paramount. Recently, Lucie, the authoritative marketing guru from the SHIB development team, took to the X social media platform with a clarion call for caution aimed at the passionate Shiba Inu army. A pressing issue had come to her attention: a large-scale scam targeting the SHIB community.
Backing Lucie’s stern warning was Vet Kusama, another influential figure from the SHIB cadre. Emphasizing the gravity of the matter, Vet echoed Lucie’s message on his personal page, urging community members to heed the warning.
— Vet KUSAMA ™ (@vetkusama) October 13, 2023
Decoding the TREAT Deception
The heart of this scam centers on the TREAT token, a prospective asset within the Shiba Inu ecosystem. Lucie reiterated that this token remains in its pre-launch phase, making any claims of its release misleading at best and fraudulent at worst. It’s a tactic that’s seen use before.
Early September bore witness to a slew of scammers peddling a counterfeit TREAT token to unsuspecting SHIB enthusiasts. By offering a deceptive TREAT contract address, these malefactors succeeded in tricking some SHIB holders into parting with their funds.
Shibarium: On an Ascending Trajectory
On a brighter note, Shibarium, designed as Shiba Inu‘s Layer-2 blockchain, is experiencing an exhilarating phase of growth. Current data from the Shibariumscan explorer paints an impressive picture. The cumulative transactions have sailed past the 3.4 million mark, while the total blocks minted comfortably exceed 1.1 million.
Furthermore, the blockchain proudly hosts over 1.25 million connected wallets.
What’s even more noteworthy is Shibarium’s remarkable uptrend in new accounts and enhanced user engagement. Since the onset of this week, active Shibarium accounts have swelled by over 55%, translating to an addition of nearly 800 accounts each day. A 222% leap in the number of new accounts now places the figure beyond 100, underscoring Shibarium’s flourishing ecosystem.