Shiba Inu Launches DAO & Investigates Fraud Issue, Rug Pull Case at Shibarium!
Jakarta, Pintu News – Shiba Inu, known as the meme token, is taking a big step towards decentralization with the launch of ShibDAO. In addition, Shiba Inu’s Shibarium development team is also investigating cases of fraud or “rug pulls” that allegedly involve bad actors in its ecosystem.
Investigation of Rug Pull Case at Shibarium
The Shibarium development team, led by Davinci.Shib, has started an internal investigation into cases of rug pulling allegedly committed by several groups within the Shiba Inu network. According to Davinci, these groups not only take advantage of the system, but also actively defame it. They operate by criticizing while benefiting from the infrastructure they criticize.
This investigation aims to uncover the truth and ensure transparency in the ecosystem. The development team is committed to publishing verified findings. However, if the evidence found is not conclusive, they will stop any further action. This is done to avoid unfounded speculations and maintain the integrity of the system.
Also Read: MicroStrategy Up 2,930%! Michael Saylor’s Crazy Strategy in Crypto Turns out to be Fruitful
ShibDAO Launch and System Upgrade
On May 29, Shiba Inu officially launched ShibDAO, a community-driven governance framework. ShibDAO allows users to vote on important updates and proposals related to ecosystem development. The governance model implemented is a multilevel model involving four main DAOs: SHIB DAO, BONE DAO, LEASH DAO, and TREAT DAO.
Each DAO has specific responsibilities, ranging from community initiatives to protocol development and internal dispute mediation. In addition, ShibDAO also facilitates the formation of smaller sub-DAOs, allowing community members to form independent groups with a focus on specific areas such as art, DeFi, or public goods.
Bury 2.0: The New Staking System
Alongside the launch of ShibDAO, Shiba Inu also introduced Bury 2.0, a revamped staking system. This system allows users to stake SHIB, BONE, LEASH, and TREAT tokens to gain voting power in the ecosystem. The longer and more tokens are staked, the more influence the token holder has.
This innovation marks Shiba Inu’s shift from a mere meme token to a structured, utility-rich Web3 platform. By being community-run and built for long-term sustainability, Shiba Inu shows a growing ambition to become more than just an internet phenomenon.
Conclusion
The steps taken by Shiba Inu demonstrate a serious commitment to addressing internal issues and strengthening governance structures. With ShibDAO and the investigation into rug pulls, Shiba Inu strives to create a safe and transparent environment for its users, while enhancing the value and functionality of the token within the broader cryptocurrency ecosystem.
Also Read: Bitcoin in danger of weakening again? Bollinger Bands indicator gives this sign!
That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.
Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!
*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- BeInCrypto. Shiba Inu: Shibarium, Past Rug Pull, DAO Shift. Accessed on June 2, 2025
- Featured Image: Coinpedia
