Shiba Inu Advisor Mazrael Rejects SHIB Restart Proposal as Fake

SHIB advisor Mazrael has dismissed rumors of a project restart as fake, urging the community to avoid unofficial sites and scam links.

(03:00 PM UTC)
4 min read
AI SummaryAI
  • On August 24, Shiba Inu advisor Mazrael denied rumors of a project restart, calling the proposal fake.
  • X user RuggRat's proposal included migrating SHIB to a different blockchain and rebuilding ShibaSwap.
  • A 'Shiba DAO' page shared with the community contained a warning about potential scams or malicious content.
  • Mazrael stated that scammers posted fake migration information on Shiba Inu Telegram channels.
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Advisor Rejects SHIB Restart Proposal Claims

The Shiba Inu ecosystem faced renewed turbulence on August 24 as advisor Mazrael publicly rejected claims that the project was preparing a wholesale restart. The rumors began with an X post from user RuggRat, who cited a proposal discussed in a community space, arguing that Shiba Inu “isn't just changing direction, it may be starting over.” The alleged plan would have involved abandoning the existing infrastructure entirely, migrating to a completely different blockchain, rebuilding ShibaSwap under a new platform, discontinuing use of the Shib.io website, removing Zama from the roadmap, and reassessing the roles of BONE, LEASH and TREAT. RuggRat also suggested that governance, products, liquidity, and community infrastructure could be rebuilt from scratch, signaling a potential departure from the current roadmap that many holders have long supported. Mazrael, a recognized figure in the community and advisor to Shiba Eternity, responded directly on X, writing “Funny how you keep this up knowing it's fake.” He accused the user of deliberately distributing misinformation and dismissed the proposal as having no basis in reality. The controversy deepened when a page named “Shiba DAO” was shared, which contained a warning that its content might include scams or be malicious in nature. This prompted additional concern among community members about the authenticity of the links being circulated. As the altcoin community continues to parse these developments, no official communication from the Shiba Inu team has confirmed any such rebuild. The advisor's statement serves as a reminder that unverified claims circulating on social media should be met with skepticism until the project itself issues an official update.

Scam Warnings Link to Fake Migration Posts

Mazrael also placed the restart rumors within a broader pattern of scam activity that has repeatedly targeted the Shiba Inu community. He referenced earlier incidents in which scammers posted fake migration information on Shiba Inu Telegram channels after muting and banning developers, effectively silencing official voices while misleading users. Those individuals, he stressed, have no connection to ShibaSwap or Shibarium – the ecosystem's appchain built for scaling and reducing transaction costs – nor to Zama, the privacy-focused encryption company once tied to the project's roadmap. Mazrael asserted that the same actors are responsible for the latest fake restart proposal. In his official statement on X, he reiterated that the claim is false and amounts to a deliberate attempt to keep misinformation circulating. The community has been urged to avoid unofficial websites intended to spread misinformation and to refrain from opening suspicious links that could lead to the theft of their funds. A common tactic in such schemes involves promoting fake airdrop offers or migration announcements to trick users into connecting their wallets to malicious platforms. The automated market maker ShibaSwap, a central component of the ecosystem's decentralized finance infrastructure, has been explicitly singled out as having no connection to the rumored changes. Given the persistent nature of these attempts, SHIB holders are advised to verify any announcement through the project's official channels and to remain cautious of unsolicited messages across social media and messaging platforms.

No Official Restart Plan Confirmed

The repeated circulation of a false “restart” narrative reflects a coordinated misinformation effort aimed at the Shiba Inu ecosystem, likely designed to direct holders toward malicious sites. Mazrael's official X post – the primary source in this episode – explicitly labels the proposal as fake, and no official project document supports any roadmap overhaul. Our reading of the situation is that until the Shiba Inu core team issues a formal statement, any unverified claim of a rebuild, migration, or token role reassessment should be treated with caution. The on-chain data and governance channels remain the only authoritative sources for the project's actual direction. For now, the key condition to watch is whether any official announcement emerges that could validate or permanently dispel these rumors.

Sarah Chen

Sarah Chen

COINOTAG author

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AI-AssistedMarket Analyst·Sarah Chen is a market analyst specializing in technical analysis and risk management for cryptocurrency markets, with five years of active trading desk experience.

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