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COINTURK NEWS > Shiba (SHIB) > Shiba Inu advisor rejects project restart rumors, warns of scam links
Shiba (SHIB)

Shiba Inu advisor rejects project restart rumors, warns of scam links

In Brief

  • 🚨 Shiba Inu advisor Mazrael denies rumors of a full $SHIB ecosystem restart.

  • 🕵️ Community users flagged scam warnings tied to a fake Shiba DAO proposal.

  • 🔒 Scammers promoted false migration info after muting developers on Telegram channels.

  • ⚠️ Shiba Inu holders are warned not to click unofficial links or follow fake migration news.
Dr. Levent Kurt
Dr. Levent Kurt 17 minutes ago
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Shiba Eternity advisor and long-time Shiba Inu community member Mazrael addressed recent speculation regarding a potential restart of the Shiba Inu project, firmly dismissing such rumors as untrue.

Contents
Rumors Sparked by Community PostsAdvisor Denounces False Claims and Highlights Scam RisksCommunity Warning Against Fake Migration News

Rumors Sparked by Community Posts

The speculation gained traction after X user RuggRat claimed that Shiba Inu could be undergoing not only a change in direction but a complete restart. RuggRat referenced a proposal discussed in a community forum, alleging it could signal a total break from the current project roadmap.

According to RuggRat’s post, the proposal suggested detaching the Shiba Inu ecosystem from elements still managed by previous leadership. Specific measures cited included moving away from the existing infrastructure, migrating to a different blockchain, building a new ShibaSwap platform, and steering clear of the Shib.io website due to lingering control by the former team. The post also mentioned considering the removal of Zama, an advanced cryptography protocol, from the project’s future plans, as well as a potential reevaluation of tokens such as BONE, LEASH, and TREAT, and a comprehensive overhaul of governance and community systems.

Mini dictionary: Zama is a company specializing in cryptographic protocols, developing solutions for privacy and confidentiality in blockchain applications using fully homomorphic encryption.

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The post implied that this would mark a clear shift away from a near-term vision based on Shibarium, Shiba Inu’s Layer 2 blockchain, as well as confidentiality features provided by Zama and the established structure supported by many holders.

Advisor Denounces False Claims and Highlights Scam Risks

RuggRat also included a link to a page titled ‘Shiba DAO,’ which carried a warning stating the content may be linked to scams or malicious activity. Additional users flagged the proposed ‘reconstruction’ as a potential scam.

Mazrael quickly responded to these claims, calling attention to the deliberate spread of misinformation. In a direct reply to RuggRat’s post, Mazrael wrote,

“Funny how you keep this up knowing it’s fake.”

He further underscored that attempts to promote a so-called project restart are false and intended to deceive the community. Another user echoed this sentiment, referring to the ‘reconstruction’ claims as a clear scam effort. Mazrael emphasized that the posts were an orchestrated effort to mislead the Shiba Inu supporter base.

Community Warning Against Fake Migration News

This situation comes amid a period of heightened caution within the Shiba Inu ecosystem. There has been a rise in scam activity, particularly around false migration information distributed via Telegram channels. Scammers have reportedly posted misleading migration messages after muting and banning project developers from these channels.

Mazrael identified specific malicious actors as the originators of the fake migration claims and the false restart proposal, clarifying that these individuals have no connection to ShibaSwap, Shibarium, or related project developments, including Zama’s technology.

He reiterated that these individuals “have nothing to do with ShibaSwap or Shibarium and much less with Zama.”

Shiba Inu community members are urged to remain vigilant, refrain from visiting unofficial websites or opening suspicious links, and take necessary precautions to protect their funds from potential theft attempts.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Dr. Levent Kurt 24 August, 2026 - 3:30 pm 24 August, 2026 - 3:30 pm
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Dr. Levent Kurt
By Dr. Levent Kurt
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Levent Kurt, who has been closely following the cryptocurrency and blockchain ecosystem since 2013, is the Editor-in-Chief and Co-Founder of COINTURK.Kurt, who holds a Ph.D. in Data Science, conducts research on Bitcoin, altcoins, blockchain technologies, digital asset markets, data analysis, and global developments in the cryptocurrency sector. He is the author of “Cryptocurrency Bitcoin: In Pursuit of Financial Freedom”, published in 2015.In the news, analysis, and research published on COINTURK, he aims to provide readers with reliable and understandable information by combining a data-driven approach with market experience and an assessment of technological developments.
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