Prominent Shiba Inu community figure Mazrael has unveiled a concerning development in the cryptocurrency space. The SHIB deployer wallet, which has been inactive since October 2021, was reportedly associated with the issuance of at least 137 fraudulent tokens. According to Mazrael, this tactic aims to deceptively associate projects with Shiba Inu’s pseudonymous founder, Ryoshi, to falsely enhance their credibility.
Deceptive Transfer Record Method Revealed
Mazrael divulged that while technically straightforward, the method employed is misleading. A token operates like a program maintaining its own transfer records, allowing malicious developers to designate any wallet as the sender. Consequently, transactions can falsely appear to originate from the SHIB deployer wallet when viewed on Etherscan, a blockchain explorer for the Ethereum network.
The SHIB deployer never signed anything; examining the transactions reveals that the actual sender address is not the SHIB deployer wallet.
Mazrael emphasized that the legitimate SHIB deployer wallet, with the address 0xB8f2…FA08, has remained dormant since October 2021. He also noted a lack of any publicly signed messages on-chain or on Etherscan from this wallet.
Over 9,000 Fake Transfers Detected
According to shared data, more than 9,131 fake transfer records have been generated, impacting over 2,500 wallets. Mazrael clarified that none of these transfers were signed by the SHIB deployer wallet. Some tokens were even promoted as being “Ryoshi-backed” to appear more legitimate.
No verified element links the SHIB deployer address to any individual.
LEASH, BONE, and TREAT Have Distinct Deployers
Mazrael noted that tokens within the SHIB ecosystem, such as LEASH, BONE, and TREAT, were created from separate deployer addresses. BONE was deployed by shiba-swap.eth, while LEASH originated from the address 0xA221…1494.
He further revealed that the 0xA221…1494 key also deployed the StarLink contract, with StarLink’s website identifying Woof Decentra as LEASH’s developer. This key served as the administrative key for managing LEASH’s rebalancing oracle for five years.
These disclosures serve as a timely caution to the SHIB community, challenging longstanding claims of “Ryoshi-linked tokens.” Mazrael advises users to scrutinize not just the apparent labels but also the true source addresses and the signature histories of transactions.
