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.
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.
Poland’s political landscape may be shifting in favor of crypto innovation following the election of Karol Nawrocki, a candidate who campaigned on promises to protect investor freedom and resist burdensome regulations.
A Nevada resident has been sentenced to six years in federal prison after orchestrating a sophisticated fraud operation that involved stealing U.S. Treasury checks and using stolen identities to access the funds.
French investigators have dismantled a group of 25 suspects—mostly under 24 years old—linked to a string of failed kidnappings aimed at wealthy individuals in the crypto space.
Coinbase is gearing up to broaden its futures trading capabilities, introducing round-the-clock contracts for Solana (SOL), XRP, and Cardano (ADA) starting June 13.