SHIB Scammers Forge “Ryoshi” to Launch 137 Fake Token Scams, Deceiving Investors
U.Today
56m ago
Ai Focus
Community member Mazrael from the SHIB community claimed that scammers forged the signatures of SHIB deployers and “Ryoshi” to mislead investors using on-chain records. The scam involved 137 tokens, 9,131 fraudulent transfers, and over 2,500 wallets.
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According to Mazrael, a long-term member of the SHIB community, since the wallet deployed by SHIB ceased operations in October 2021, at least 137 fraudulent tokens have been sent to these addresses, claiming to be from the deployers of SHIB. The fraudsters intended to impersonate the pseudonymous founder of Shiba Inu, " Ryoshi ", in order to make their claims more believable; if the tokens were sent by " Ryoshi ", people would believe it.

Mazrael explains how this tactic works: a token is essentially just a program that records transfer information on its own. Scammers can write any address as the sender in these records. As a result, these scammers put in the addresses of the SHIB deployers, making it appear on Etherscan that it was “Ryoshi” who sent the tokens. However, the actual SHIB deployer (0xB8f2… FA08) has not sent any transactions since October 2021.

Mazrael indicates that: 'The deployer of SHIB has never signed anything.' He urges the crypto community to click on the relevant token transactions and check the 'From' address, claiming that this is the wallet that actually sent the tokens, and it was never the SHIB deployer.

Mazrael also shared relevant data, stating that there were over 9,131 fraudulent transfers and more than 2,500 wallets were affected, none of which were signed by the deployer SHIB. He also named some of these fake tokens and added that some tokens were promoted as “Ryoshi-backed” to make them appear more legitimate.

This disclosure serves as a reminder to cryptocurrency users to make sure to check who actually signed the transaction, rather than just focusing on what is written about the tokens.

About the deployer of SHIB

In another post, Mazrael explained that nothing can link the deployment address of SHIB to any individual.

The deployer (SHIB 0xB8f2… FA08) has only deployed one contract: SHIB. Moreover, since October 2021, it has not sent any transactions. There are also no records of messages publicly signed by it on the chain or on Etherscan.

LEASH, BONE, and TREAT come from different deployers respectively. Mazrael indicates that the deployer of BONE is shiba-swap.eth, while LEASH originates from "0xA221…1494", which is related to the same key used for deploying StarLink. StarLink lists itself as the developer of Woof Decentra on its own website. This key has retained the rebase of LEASH for a period of five years, which is essentially an administrative key.

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