The post Shiba Inu Under Fire as Ecosystem Project Says It Has “Lost Its Way” appeared on BitcoinEthereumNews.com. Oscar Token states shib token has lost its wayThe post Shiba Inu Under Fire as Ecosystem Project Says It Has “Lost Its Way” appeared on BitcoinEthereumNews.com. Oscar Token states shib token has lost its way

Shiba Inu Under Fire as Ecosystem Project Says It Has “Lost Its Way”

  • Oscar Token states shib token has lost its way after promoting external HACHI token
  • Account amplified Solana token launch highlighting contract identifier similarities
  • Susbarium fraud channel clarifies @shibtoken lacks official ecosystem affiliation status

A Shiba Inu ecosystem project has publicly criticized the @shibtoken X account following its promotion of an external token. Oscar Token joined other community members in expressing disappointment with the account’s recent activity.

The @shibtoken account, which maintains 3.9 million followers, amplified a November 2 post from HACHI, a Solana-based token. The original tweet announced a new smart contract address beginning with x95HN. The promotion highlighted visual similarities between HACHI’s contract identifier and Shiba Inu’s contract address which starts with 0x95.

The post included imagery of two dogs representing Hachiko and Shiba Inu, suggesting a connection between the projects. Oscar Token stated in response that the account no longer reflects original values and focus of the SHIB ecosystem. “This isn’t Shib anymore; it’s completely lost its way,” Oscar wrote.

This marks a continuing pattern for @shibtoken. In November 2024, the account teased a partnership with Shiro Neko, a cat-themed token, after that project burned over 5 billion SHIB. By December 2024, @shibtoken promoted a dual-staking program from Shiro Neko allowing users to stake SHIRO tokens for SHIB rewards.

These promotions led many community members to view Shiro Neko as an official ecosystem project. However, community fraud alert channel Susbarium contested this interpretation, stressing no affiliation exists with Shiro Neko.

Susbarium clarified that @shibtoken does not operate as the official X handle of the Shiba Inu ecosystem. The channel urged users to avoid treating promotions from the account as official ecosystem endorsements. Despite these warnings, @shibtoken’s posts continue wielding considerable influence.

The account launched in February 2021 and positioned itself as the official X presence for the Shiba Inu ecosystem. The majority of its 3.9 million followers are active Shiba Inu community members. Initially, the account functioned as a primary source for ecosystem announcements, establishing a precedent where followers interpreted its posts as implicit endorsements.

Source: https://thenewscrypto.com/shiba-inu-under-fire-as-ecosystem-project-says-it-has-lost-its-way/

Market Opportunity
BitShiba Logo
BitShiba Price(SHIBA)
$0.0000000003917
$0.0000000003917$0.0000000003917
-4.01%
USD
BitShiba (SHIBA) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam

The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
MSCI’s Proposal May Trigger $15B Crypto Outflows

MSCI’s Proposal May Trigger $15B Crypto Outflows

MSCI's plan to exclude crypto-treasury companies could cause $15B outflows, impacting major firms.
Share
CoinLive2025/12/19 13:17
Is Pepeto The Best Crypto Investment Over Dogecoin And Pepe Coin? All Signs Point To : YES

Is Pepeto The Best Crypto Investment Over Dogecoin And Pepe Coin? All Signs Point To : YES

Dogecoin and pepe coin reshaped the mood of crypto. Late-night charts turned into stories people still trade, big wins, painful misses, and the “what if” that lingers. Two names no one forgets because they made everyday traders believe the upside was real. Can those days return, or is 2025 a new game? Many investors are […]
Share
Tronweekly2025/09/18 07:15