SHIB Team Issues Crucial Warning: Beware of Scams Involving Fake TREAT Tokens

Lucie cautions SHIB holders about fake TREAT tokens. Credit: EconoTimes

Sunday, July 21, 2024 4:23 AM UTC

Lucie reiterated to the community that the Shibarium ecosystem token, which is crucial to the project, has not been published just yet. But she warned that con artists are actively working to mislead the SHIB army into believing the opposite in order to steal their money. Keep yourself protected from con artists. "Don’t let scammers deceive you. $TREAT IS NOT LAUNCHED YET," Lucie wrote.

SHIB Market Resilience Amid Cyber Attack Impact

Lucie published a daily crypto market chart showing that SHIB is still strong enough to withstand Thursday's 11% decrease in Shiba Inu value due to the WazirX attack, which affected the largest cryptocurrency exchange in India.

U.Today elaborates that since then, the market valuation of the second-largest meme cryptocurrency—which was trading at $0.00001765)—has more than doubled, recouping half of its losses. Nearly 5.5 trillion SHIB coins were taken by the hacker, who then sold them for 26,535 ETH or about $92 million USD.

In response to the worldwide IT disruption that occurred when CrowdStrike, makers of cybersecurity software Falcon Sensor, released an upgrade, the enigmatic Shiba Inu chief, Shytoshi Kusama, made a significant comment on his X account.

Whether it was airports or the Sky News website, this upgrade crippled the operations of PCs running Microsoft OS all across the globe, making it impossible for them to broadcast.

The CrowdStrike team is actively addressing the problem. A number of prominent figures in the cryptocurrency industry, including Elon Musk, Charles Hoskinson of Cardano, Billy Markus of Dogecoin, and Shytoshi Kusama of Shytoshi Kusama, have spoken out against highly centralized Web2 solutions such as CrowdStrike and Microsoft.