Shibarium Goes Full Detective Mode—Internal Probe Sparks Amid Ecosystem ’Abuse’ Firestorm
Ruh-roh. The dog-themed blockchain isn’t just chasing its tail—Shibarium’s launching an internal investigation after allegations of ecosystem abuse surfaced. No bones about it: when DeFi meets ’trust us bro,’ someone’s bound to get bitten.
Behind the bark: While details remain scarce (classic crypto transparency), whispers suggest bad actors might’ve exploited loopholes—because what’s a bull market without a few rug-pull rehearsals?
The cynical kicker: At least they’re investigating themselves before the SEC does. That’s what we call ’getting ahead of the narrative’ in this circus—right after the ’partnership announcements’ and just before the ’rebranding pivot.’ Woof.
Sui Network Moves to Restore $162M After Cetus Hack
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.
