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SHIB Team Warns of Scammers Using Founder Ryoshi's Name

Sep 16, 2024
  1. Warning to SHIB Community
  2. Lucie's Message on SHIB Burning
  3. Conclusion

The official marketing lead of the SHIB developer team, known under the pseudonym Lucie, has addressed the SHIB community with a crucial post, warning them about scammers.

Warning to SHIB Community

Lucie retweeted a post published by the Shibarmy Scam Alerts (@susbarium) account on the X social media platform. That tweet addressed the vital issue of scammers beginning to misuse Ryoshi’s name to mislead the SHIB community. The @susbarium account stressed that Ryoshi had made it clear that a time would come when all the developer team would step away and leave the ecosystem entirely to the community. In May 2022, Ryoshi disappeared. Now, the account noted, there is a massive increase in scammers exploiting Ryoshi’s name “to mislead and scam community members.” These actions of scammers are not only destroying the legacy of Ryoshi Research, the tweet says, but also pose a big threat “by spreading misinformation and attempting to scam users.” @susbarium warned Shibarium users to “remain vigilant, stay alert, and question anything that seems suspicious.” It’s important, the tweet reminded, to always verify any information on new suspicious tokens allegedly related to Ryoshi through official SHIB channels. null Lucie agreed with that warning, adding that whenever she sees anyone mentioning Ryoshi and “tokens that don’t exist or weren’t mentioned in his Mediums,” she marks them with red flags as scammers.

Lucie's Message on SHIB Burning

This weekend, Lucie also published a tweet regarding the burning of Shiba Inu meme coins and the standard that Ryoshi had set for this. Lucie reminded the community that the mysterious founder burned the keys to the remaining SHIB supply. This means that if anyone wants to reduce the SHIB supply in circulation, they must buy these tokens and then remove them from circulation through burning. Another option is to increase the use of Shibarium by attracting millions of new users. null

Conclusion

The SHIB community must remain vigilant and verify any information related to tokens and names purportedly endorsed by Ryoshi. This will help avoid scams and maintain the integrity of the SHIB ecosystem.

Scammers continue to use the name of SHIB founder Ryoshi to deceive community members. It is important to be cautious and verify all information through official channels.

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