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Shiba Inu (SHIB) Scammers Fake 'Ryoshi' to Push 137 Scam Tokens and Dupe Investors

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According to longtime $SHIB community member Mazrael, since the $SHIB deployer wallet went silent in October 2021, at least 137 scam tokens have falsely claimed that the $SHIB deployer sent them the coins. The intent of scammers is to 'fake' Shiba Inu's pseudonymous founder, "Ryoshi," and the reason behind this is to appear legitimate: If "Ryoshi" sent it, people trust it.

Mazrael explains how this trick works: a token is just a program, and it keeps its own record of transfers. The scammer can write any address into that record as the sender. So these scammers write the $SHIB deployer's address, and on Etherscan it looks like "Ryoshi" sent the token. However, the real $SHIB deployer (0xB8f2…FA08) hasn't sent a single transaction since October 2021.

How scammers fake "Ryoshi" Since the $SHIB deployer wallet went silent in October 2021, at least 137 scam tokens have pretended it sent them their coins. Why? To look legitimate. If "Ryoshi" sent it, people trust it. How the trick works: A token is just a program, and it keeps its own record of transfers. The scammer can write ANY address into that record as the sender. So they write the $SHIB deployer's address, and on Etherscan it looks like "Ryoshi" sent you their token. But the deployer never signed anything. Click the transaction itself and look at "From". That's the wallet that really sent it, and it's never the $SHIB deployer. The numbers: - 9,131+ fake transfers - 2,500+ wallets hit - 0 signed by the deployer Some of the fakes: APE, three "SHIBA INU2.0" tokens, ShibChain, $SHIB DAO, METARUFFY, a token literally called "Ryoshi", Caw and Baby Caw, three fake "Shibarium" tokens (a year before the real one), "BONE2.0" and three "UNLEASHED DAO" tokens. Many got shilled by OGs and ex-admins as "Ryoshi-backed" to make them look legit. The real $SHIB deployer (0xB8f2…FA08) hasn't sent a single transaction since October 2021. Always check who signed the transaction, not what the token says.

— Mazrael.shib (@Mazrael_shib) November 10, 2026

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'The $SHIB deployer never signed anything,' Mazrael stated, urging the crypto community to click on related token transactions and examine the "From" address, saying this is the wallet that sent it and was never the $SHIB deployer.

Mazrael shared the numbers, outlining over 9,131 fake transfers, over 2,500 wallets hit, and zero signed by the $SHIB deployer. He went on to name some of these fake tokens, adding that some of these tokens got promoted as "Ryoshi-backed" to make them look legitimate.

This disclosure warns crypto users to always check who signed the transaction, not what the token says.

About $SHIB deployer

In a separate post, Mazrael explained that nothing links the $SHIB deployer address to any person.

The $SHIB deployer (0xB8f2…FA08) only deployed one contract: $SHIB, and it hasn't sent a single transaction since October 2021. It has no public signed message on record, either on-chain or on Etherscan.

LEASH, BONE, and TREAT each came from different deployers. Mazrael indicated that BONE's deployer is shiba-swap.eth, whereas LEASH came from '0xA221…1494,' the same key that deployed StarLink, whose own site names Woof Decentra as LEASH's developer. That key kept LEASH's rebase oracle, an admin key, for five years.

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