The Shiba Inu development team has issued a crucial alert regarding the TREAT token, clarifying that no official version exists on Solana or Base. Developer Kaal Dhairya confirmed that misinformation spread from a compromised X (formerly Twitter) account, “Shiba Inu Treat,” which was promoting fraudulent tokens. This incident highlights the ongoing risks of scams in the crypto space, particularly around high-profile projects like Shiba Inu.
Dhairya emphasized that the only legitimate TREAT token is deployed on Ethereum, as confirmed by SHIB.IO. Any claims of TREAT being available on other chains are false and potentially malicious. The team urges investors to verify token contracts through official channels before engaging in transactions. This warning follows previous cases where fake SHIB ecosystem tokens were falsely marketed, leading to financial losses for unsuspecting buyers.
How to Identify Fake SHIB Ecosystem Tokens
With the rise of unauthorized tokens impersonating Shiba Inu’s ecosystem, investors must exercise extreme caution. Susbarium, a well-known Shibarium investigator, advises users to cross-check token details via SHIB.IO or Ethereum’s blockchain explorer. Legitimate SHIB-related tokens, including SHIB, LEASH, BONE, and TREAT, are only officially issued on Ethereum—any other versions are scams.
Scammers often exploit hype around trending projects by creating counterfeit tokens on alternative blockchains. These fraudulent assets may mimic branding and social media promotions, making them appear legitimate. To avoid falling victim, always rely on announcements from verified Shiba Inu sources, such as the official website or the developers’ authenticated social media accounts.
Past Cases of Misinformation in the SHIB Community
This isn’t the first time the Shiba Inu team has had to debunk false claims. Earlier this year, rumors circulated that SHIB, LEASH, BONE, and TREAT were available on Solana. Dhairya swiftly denied these claims, reinforcing that any multi-chain expansion would be announced officially. Similarly, in 2023, Shytoshi Kusama debunked reports of a stealth-launched TREAT token, confirming it as fake.
These repeated incidents highlight the importance of skepticism in the crypto market. Fraudsters frequently target popular tokens, leveraging community excitement to push scams. The Shiba Inu team’s proactive communication helps mitigate risks, but investors must remain vigilant and conduct thorough research before purchasing any tokens.
Community Concerns Over Ecosystem Priorities
Beyond scams, some SHIB community members have expressed concerns about the project’s focus. Following TREAT’s official launch and exchange listings, critics argued that other ecosystem tokens, like BONE (Shibarium’s gas token), were being neglected. Promotional airdrops for TREAT further fueled debates over resource allocation within the ecosystem.
Shytoshi Kusama addressed these concerns, reaffirming the team’s commitment to all SHIB-related tokens. He emphasized that BONE remains integral to Shibarium’s operations and governance. While TREAT’s rollout generated excitement, the developers maintain a balanced approach to ecosystem growth, ensuring no single asset overshadows another.
How to Stay Safe from Crypto Scams
The rise of fake tokens underscores the need for heightened security in crypto investments. Always:
- Verify through official sources – Only trust announcements from SHIB.IO or verified developer accounts.
- Check contract addresses – Use Etherscan for Ethereum-based tokens; avoid unauthorized chains.
- Avoid impulsive buys – Scammers exploit FOMO (fear of missing out); research before investing.
- Beware of phishing links – Fake websites and social media ads can lead to theft.
- Report suspicious activity – Alert the SHIB team or community moderators about potential scams.
By following these steps, investors can protect themselves from fraudulent schemes while supporting legitimate SHIB ecosystem growth.
FAQ: Shiba Inu TREAT Token Scam Explained
1. Is the TREAT token officially on Solana or Base?
No. The Shiba Inu team confirmed that TREAT is only deployed on Ethereum. Any other versions are scams.
2. How can I verify a real SHIB ecosystem token?
Always check the official SHIB.IO website or Ethereum blockchain explorers like Etherscan for legitimate contract addresses.
3. What should I do if I bought a fake TREAT token?
Unfortunately, recovering funds from scams is difficult. Report the incident to the exchange or platform where the transaction occurred.
4. Why does the SHIB team keep facing misinformation?
High-profile projects are often targeted by scammers due to their large communities and market influence.
5. Will SHIB, BONE, or LEASH expand to other blockchains?
Any multi-chain deployments will be announced officially. Until then, assume claims are false.