137 scam tokens falsely claim SHIB deployer origin, warns community member

A prominent member of the Shiba Inu community, Mazrael, has warned that since October 2021, at least 137 scam tokens have falsely presented themselves as being sent by the SHIB deployer wallet. Mazrael stated that these fraudulent projects attempt to gain credibility by pretending to have origins tied to Shiba Inu’s pseudonymous founder, Ryoshi, in order to attract unsuspecting investors.

Scam mechanics and fake transfers

Mazrael detailed how these scams operate, explaining that token smart contracts can be programmed to display any address as the sender in their own internal transaction records. Scammers take advantage of this technical feature by inserting the SHIB deployer’s address into these records, giving the appearance that Ryoshi himself distributed the tokens. This misleading method can make transactions appear legitimate when viewed on Etherscan, a popular blockchain explorer.

Despite what may show up in these records, the actual SHIB deployer wallet, identified as 0xB8f2…FA08, has not made any outgoing transactions since October 2021. Mazrael emphasized that none of these activities have involved the deployer’s signature or authorization.

Mazrael urged members of the crypto community to carefully check the “From” address on token transactions, stating that the true sender is reflected there, and there have been no genuine distributions from the SHIB deployer since October 2021.

The long-standing wallet has maintained complete inactivity for over two years, with no on-chain transactions or signed messages to indicate involvement in any new token launches or transfers.

Scale of the scam and affected users

According to figures shared by Mazrael, more than 9,131 fake transfer records have been created, impacting over 2,500 separate wallets. None of these token transfers have actually been signed by the SHIB deployer, highlighting the scope of the fraudulent activity. The scams often include claims that these tokens are “Ryoshi-backed” to increase their perceived authenticity.

Some tokens have been openly promoted as Ryoshi-backed, despite the absence of any direct or verified connection to the founder or official deployer wallet.

Origins of other ecosystem tokens

Mazrael also addressed questions about the origin of related tokens, clarifying that the SHIB deployer only ever launched the SHIB contract. Other tokens in the Shiba Inu ecosystem, such as LEASH, BONE, and TREAT, were created by different deployers and have no link to the SHIB deployer address.

BONE was deployed by shiba-swap.eth, while LEASH originated from the 0xA221…1494 address, an account also responsible for issuing StarLink. According to the StarLink website, Woof Decentra is named as the developer of LEASH. This deployer account also retained the rebase oracle, an admin-level key, for LEASH over a period of five years.

Mazrael noted that there is no publicly available, on-chain or Etherscan-signed message linking the SHIB deployer address to any individual, reinforcing that claims of direct involvement are entirely baseless.

Mini dictionary: Etherscan – Etherscan is a widely used blockchain explorer for Ethereum, enabling users to view transaction histories, token transfers, contract code, and wallet balances on the Ethereum network.