Shiba Inu Team Issues Urgent Warning Over Crypto.Com Article Flaw

Shiba Inu (SHIB) Price Faces Potential 17% Drop, Bollinger Bands Signal

The Shiba Inu team, led by Shytoshi Kusama, has warned the SHIB community about a significant error in a recent Crypto.com article. This article aimed to serve as a beginner’s guide to the Shiba Inu ecosystem, detailing various tokens such as SHIB, Bone, and LEASH. Additionally, it mentioned upcoming tokens like TREAT and the SHI stablecoin. The article also highlighted key components, including the Shibarium blockchain, ShibaSwap exchange, and community initiatives.

Major Oversight Identified

However, community members quickly spotted a critical mistake. The Shibarmy Scam Alerts revealed that the article linked to a fraudulent TREAT token website not connected to the Shiba Inu team. This oversight raised alarms among community members. Shiba Inu’s official X account confirmed this issue, urging users to verify links before clicking. The team expressed their intention to contact Crypto.com to address the error and protect readers.

Community Leader Reacts

Shytoshi Kusama, the pseudonymous leader of Shiba Inu, expressed disappointment over the misrepresentation of the TREAT token. He noted that Crypto.com mistakenly referred to the token as if it were already launched. Consequently, he urged community members to exercise caution. Furthermore, he warned about the prevalence of scams designed to exploit unsuspecting individuals.

Crypto.com Takes Action

As of now, FXcrypto News reports no links to the TREAT token in the article, suggesting that Crypto.com may have corrected the initial error. This swift action demonstrates the platform’s commitment to accuracy and safety.

Upcoming TREAT Token Launch

Looking ahead, the Shiba Inu team plans to launch the TREAT token alongside a new layer-3 blockchain in the coming months. The team has kept the blockchain’s name under wraps to prevent scams before the official launch. By doing so, they aim to protect their community from potential fraudsters.

Read Also: Is Shiba Inu Poised for a Major Price Surge Thanks to Dogecoin?

In conclusion, the Shiba Inu team remains vigilant in safeguarding its community while ensuring accurate information circulates about its ecosystem.

Oluwadamilola Ojoye

Oluwadamilola Ojoye is a seasoned crypto writer who brings clarity and perspective to the fast-changing world of digital assets. She covers everything from DeFi and AI x Web3 to emerging altcoins, translating complex ideas into stories that inform and engage. Her work reflects a commitment to helping readers stay ahead in one of the most dynamic industries today

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

Share this :

Facebook
Twitter
LinkedIn
Telegram
WhatsApp