Shiba Inu Community Warns of Lookalike Token Threat Amid Shibarium Upgrades

The Shiba Inu community has issued a crucial warning about potential scams involving tokens that look similar to their own. According to long-time community member Mazrael, over 366 Ethereum tokens are using the TREAT ticker, which is also used by the official TREAT token in the Shiba Inu ecosystem.

Mazrael emphasized that users should verify contract addresses and not rely solely on tickers to identify a token. He shared the contract addresses for the official TREAT token on Ethereum and Shibarium. The older Ethereum token using the TREAT name and ticker was created as far back as January 13, 2023, but is separate from the Shiba Inu ecosystem.

In other news, Shibarium, the layer-2 network for Shiba Inu, has been receiving silent upgrades. Mazrael informed the community that 'x402' is live on Shibarium, which is an open standard for internet-native payments. x402 enables instant and low-cost payments for digital services and is designed for API monetization and other scenarios where traditional payment methods are too slow or expensive.