The Shiba Inu (CRYPTO:SHIB) community has been alerted to misinformation circulating about the release of the TREAT (CRYPTO:TREAT) token.

Shibarmy Scam Alerts has issued a cautionary notice, clarifying that the TREAT token has not been officially launched by the SHIB team despite recent claims suggesting otherwise.

Community members are urged to exercise caution, avoid engaging in any unauthorised transactions related to TREAT, and await official confirmation from legitimate sources.

Meanwhile, Shiba Inu has achieved a significant milestone with a $12 million funding round led by Cypher Capital.

This investment is intended to support the development of a new Fully Homomorphic Encryption (FHE) blockchain powered by the upcoming TREAT token.

The migration of ShibaSwap, the decentralised exchange, to Shibarium marks a major advancement, promising enhanced functionality and innovation within the Shiba ecosystem.