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. 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.

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