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Shiba Inu’s Shibarium team has launched an internal investigation into suspected rug pulls, addressing growing concerns within the crypto community.
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This initiative aims to restore confidence as the ecosystem grapples with multiple instances of scams and misinformation.
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In the midst of this scrutiny, the development team has unveiled ShibDAO and an innovative staking system to enhance user engagement.
Shiba Inu’s Shibarium team launches an investigation into rug pulls amid community concerns, accompanied by new governance and staking features for users.
Shibarium Investigates Internal Rug Pulls
On May 31, Davinci.Shib, a core contributor to Shibarium, disclosed the initiative on the social media platform X. This investigation highlights the urgent need to safeguard the integrity of the Shibarium network.
According to him, certain entities within the network have been profiting off the system while simultaneously discrediting it. He added that these groups operate under a veil of criticism while extracting value from the infrastructure they undermine.
“We are investigating past rugs connected to certain groups within Shibarium. Mocking Shibarium, yet still feeding off it — parasites linger.” — Davinci.Shib | Shibarium (@DavinciShib) May 31, 2025
According to Davinci, the development team intends to publish any verified findings. However, if evidence remains inconclusive, they will refrain from further action. The emphasis is on maintaining transparency while avoiding misinformation.
These developments come after increasing warnings from within the Shiba Inu community about malicious actors. Shiba Inu’s marketing lead, Lucie, has recently cautioned users regarding the rising number of scam attempts targeting the community.
“Be careful — scammers are everywhere, and misinformation spreads quickly, even in the media. X accounts can be hacked or stolen — you never truly know who’s behind them, even if they have a yellow badge. Always verify your sources through the official site…” — 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) May 21, 2025
Shiba Inu Welcomes DAO
While developers tackle internal threats, Shiba Inu has taken a significant step toward decentralization. On May 29, the ecosystem officially launched ShibDAO, a community-driven governance framework that empowers users to vote on critical upgrades and proposals.
ShibDAO introduces a tiered governance model that distributes responsibilities across four key DAOs:
- SHIB DAO will oversee community initiatives.
- BONE DAO will guide protocol development.
- LEASH DAO will mediate internal disputes.
- TREAT DAO will fund dApp innovation and ecosystem growth.
Shiba Inu’s DAO. Source: X/Shibarium Update
The DAO also enables the formation of smaller sub-DAOs, allowing community members to claim a Shib Name (SNS) and establish self-governing groups that can focus on niche areas such as art, DeFi, or public goods.
Simultaneously, this launch coincided with Bury 2.0, a revamped staking system that allows users to lock SHIB, BONE, LEASH, and TREAT tokens to earn voting power. The longer and larger the stake, the more influence a holder gains within the ecosystem.
“Stake SHIB, BONE, LEASH, or TREAT to gain influence. The more & longer you stake, the more voting power you earn,” Shibarium update stated.
The combined launch of ShibDAO and Bury 2.0 signals Shiba Inu’s evolving ambition—shifting from a meme token to a structured, utility-rich Web3 platform that is governed by its community and built for long-term sustainability.
Conclusion
The ongoing investigation into rug pulls and the introduction of ShibDAO reflect Shiba Inu’s commitment to fostering a safer, more engaging ecosystem. As the community responds to these challenges, the integration of governance features and staking capabilities positions Shiba Inu for future growth and resilience.
