Shiba Inu Lead Warns SHIB Holders About Fake TREAT Tokens Amid Market Recovery

• Shiba Inu marketing lead, known to the SHIB community as Lucie, warned SHIB holders about scammers pushing fake TREAT tokens.
• Lucie emphasized that the TREAT token has not yet been released, and scammers attempting to convince the SHIB army otherwise are fraudulent.
• “Don’t let scammers deceive you. $TREAT IS NOT LAUNCHED YET,” Lucie advised in a recent statement on social media.

Lucie alerts Shiba Inu community to beware of fake TREAT tokens, underscoring the importance of vigilance against scams.

Shiba Inu’s Resilience Amid Market Fluctuations

Despite a significant dip of 11% following the WazirX hack—the largest cryptocurrency exchange in India—Shiba Inu exhibited a commendable recovery in the daily crypto market. The currency rebounded by over 5% and was trading at $0.00001765. The hack led to the theft of 5.5 trillion SHIB coins, equivalent to approximately $92 million USD in 26,535 ETH.

Shytoshi Kusama’s Stance on Decentralization

Shiba Inu lead, Shytoshi Kusama, addressed the global IT crisis caused by an update from CrowdStrike cybersecurity software, which disrupted major systems including airports and Sky News. Kusama, along with other prominent crypto figures, criticized centralized systems and advocated for a transition to decentralized Web3 technologies to prevent such widespread outages in the future.

Conclusion

As Shiba Inu navigates market volatility and faces external threats, the community’s vigilance and the industry’s shift towards decentralized systems will be crucial in ensuring security and innovation. Scams like the fake TREAT tokens underscore the necessity for SHIB holders to remain informed and cautious.