Shibarium Launches Internal Probe Amid Ecosystem Abuse Allegations

Shiba Inu’s Shibarium team has launched an internal investigation into alleged rug pulls carried out by actors operating within the network.

The move comes amid rising concerns that certain projects are exploiting the ecosystem while publicly discrediting it.

On May 31, core contributor Davinci.Shib announced the probe on X, stating that some entities have been profiting from Shibarium’s infrastructure while actively criticizing it. He noted that the team would publish verified findings but will avoid speculation in the absence of solid proof, aiming for transparency without drama.

This action follows growing alerts from the Shiba Inu community about scams. Marketing lead Lucie recently warned users to stay cautious as attackers increasingly hijack social media accounts to spread fake projects and misinformation.

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Alongside the probe, Shiba Inu is moving forward with decentralization through the official launch of ShibDAO on May 29. This new governance system gives users a voice in major proposals via a tiered structure across four DAOs: SHIB DAO (community), BONE DAO (protocol development), LEASH DAO (internal moderation), and TREAT DAO (funding innovation).

The DAO framework also allows smaller sub-groups to form around specific interests like art or DeFi, with members able to claim Shib Names (SNS) and govern independently.

ShibDAO launched alongside Bury 2.0, a redesigned staking system where holders of SHIB, BONE, LEASH, or TREAT can lock tokens to gain voting power—scaled by both amount and duration staked.

These developments reflect Shiba Inu’s shift from meme coin roots toward becoming a structured Web3 ecosystem led by its community and designed for long-term utility.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.