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Home » Shiba Inu’s Team Warns About TREAT Token

Shiba Inu’s Team Warns About TREAT Token

Hania by Hania
September 14, 2023
in Altcoin News
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Shiba Inu’s Team Warns About TREAT Token
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Proceed with caution. Scammers are everywhere.

Shiba Inu is undeniably one of the most famous cryptocurrency projects. But what makes it unique is that it has a large number of retail investors as members of its community.

Retail investors are an excellent target for bad actors. And in the cryptocurrency industry, fraudsters are becoming increasingly cunning by the day. Hackers use an array of methods for stealing your valuable cryptocurrency, and faking a token is just one of them.

However, with so many new advancements on Shiba Inu’s roadmap, attackers appear to be exploiting and faking multiple aspects of the project. This is why the team issued an official warning:

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— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) September 12, 2023

There have been many attempts at imitating the Shiba Inu. Last month, when the team launched Shibarium, a layer-two network that had previously been one of the most eagerly anticipated launches in the community, things really got out of hand. The Shiba Inu team reported at that time:

Regrettably, this also offers a path for bad actors to create fake dApps and tokens that are used for rug-pulling, among other things. […] Research their Telegram and Discord channels, community culture, social media posts, and Etherscan.

Tags: crypto newsCryptocurrenciesshiba inu news
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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