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Sherbet (SHBT): What Happened — History, Status & Token Today
Last updated: · Source basis: Official statement, reported by press
An NFT-linked crypto casino that was wound down in October 2024 after Shuffle signed a letter of intent to acquire it; the announced SHBT token never appeared.
Start: NFT launch 2021; $BET and platform beta 14 Mar 2022. End: wind-down announced 21 Oct 2024.
Sherbet started on Polygon with the BET token and candy-themed NFTs, then grew into a no-KYC crypto casino at sherbet.com. In October 2024 it was wound down after Shuffle signed a letter of intent to acquire it, and the site switched to withdrawal-only mode. The SHBT token and airdrops announced for Q4 2024 never appeared.
- Ticker
- SHBT (announced), BET (earlier)
- Chain
- Polygon (BET)
- Contract
- Not verified
- Launch
- 2021–2022
- End
- 21 Oct 2024 (wind-down announced)
- Players
- 65,000+ (May 2024, project claim)
- Status
- Shut down (wound down after acquisition deal)
What it was
Sherbet began as a social crypto gambling platform on Polygon with its own $BET token and a candy-themed NFT collection. It later became a no-KYC crypto casino at sherbet.com, accepting 19 cryptocurrencies and offering play through Telegram.
In May 2024 Sherbet announced a new token, $SHBT, for Q4 2024. It was to come with three airdrops for Sherbet NFT holders, $BET holders and anyone who had wagered on the site since 2021. Sherbet said at the time that it had over 65,000 players.
Timeline
- @Sherbet X account created.
- $BET token and platform beta announced as going live (community launch posts). [4]
- Sherbet announces $SHBT for Q4 2024 and the first of three airdrops. [1]
- Shuffle CEO Noah Dummett announces that Shuffle has signed a letter of intent to acquire Sherbet. Sherbet goes into withdrawal-only mode, with users given 30 days to withdraw. [2]
- Last post on Sherbet's X account.
- sherbet.com does not respond.
How it ended
On 21 October 2024, Shuffle's CEO Noah Dummett announced a letter of intent to acquire Sherbet. As part of the deal, Sherbet's operations would wind down and the site would stay in withdrawal-only mode for 30 days. Dummett said Sherbet was no longer taking bets.
BitcoinChaser reported allegations from users at the time about delayed withdrawals, blocked accounts and an expired Curaçao licence. Dummett acknowledged the concerns without commenting in detail. We found no regulator or court decision on these allegations.
We found no evidence that $SHBT launched or that the promised airdrops were paid.
Token today
We found no SHBT contract or trading history. The older $BET token was the native token of the Polygon-era platform, but we could not verify its contract address for this page.
No official claim, refund or migration process for SHBT or BET has been found.
Ticker note: SHBT was announced in May 2024 for Q4 2024; we found no evidence that it launched. Sherbet's earlier token was $BET on Polygon.
Market and holder figures are snapshots from the date shown and change over time. This is not investment advice.
Questions
Was Sherbet bought by Shuffle?
Shuffle's CEO announced a letter of intent to acquire Sherbet on 21 October 2024, and Sherbet was wound down. We found no public confirmation of the final deal terms.
Did the SHBT airdrop happen?
We found no evidence that SHBT launched or that the announced airdrops were paid out.
Live projects in the same category
Shuffle: signed the letter of intent to acquire Sherbet in October 2024
Rollbit: crypto casino with its own token
Listed for comparison only, not as a recommendation.
Sources
- Sherbet Announces New $SHBT Token for Q4 2024
- Shuffle's Intent to Acquire Sherbet: Insights for Users
- Archived sherbet.com, 9 Sep 2024
- Sherbet Token $BET launch post
Dates without a source number come from our own checks of the project's website or X profile on 18 Oct 2026.
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