This goes beyond the inspiration or as you say "used it as an example". I can share examples where logos take inpiration feom each other but have their own charm, but this is a clear copycatting and in a professional community it's called stealing. If a contest holder picks it,
RE: [BeyondBit Contest] New Whaleshares Token "Beyondbit" Needs Logo! [Over 1300 SBD in Rewards!]