Shiba Inu Launches DAO as Developers Investigate Past Rug Pulls
Shiba Inu’s Shibarium development team has opened an internal investigation into previous rug pulls allegedly orchestrated by bad actors within its ecosystem.
The probe follows growing unease over how certain projects are exploiting the Shibarium network while undermining its credibility.
Shibarium Investigates Internal Rug PullsOn May 31, Davinci.Shib, a core contributor to Shibarium, disclosed the initiative on the social media platform X.
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.
According to Davinci, the development team intends to publish any verified findings. However, if evidence remains inconclusive, they will refrain from further action. The goal, he emphasized, is to maintain transparency without fueling baseless speculation.
These developments follow growing warnings from within the Shiba Inu community about malicious actors.
Shiba Inu’s marketing lead, Lucie, recently cautioned users about the rising number of scam attempts. She stressed that attackers can hijack social media accounts to spread misinformation or promote fraudulent projects.
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…