Crucial Ryoshi Scam Warning Issued by SHIB Team

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

These fraudsters are targeting the SHIB community using the name of the SHIB’s enigmatic founder, who choose to leave the public scene two years ago – Ryoshi.

SHIB army receives crucial warning

Lucie retweeted a post published by the Shibarmy Scam Alerts (@susbarium) account on the X social media platform. That tweet addressed a vital issue of scammers beginning to misuse Ryoshi’s name as of late as they began to target the SHIB army under a different angle.

While presenting the SHIB roadmap, the @susbarium account stressed, Ryoshi made it clear that a time would come when all the developer team and he will step away and leave the ecosystem entirely to the community to look after. In May 2022, Ryoshi disappeared.

Now, the account stated, there is a massive increase in scammer individuals who are 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 poses 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 is important, the tweet reminded, to always verify any information on new suspicious tokens allegedly related to Ryoshi through official channels of SHIB. Besides, users are encouraged to immediately report “any fraud or misuse of the Ryoshi name.”

Anyone talking about Ryoshi and tokens that don’t exist or weren’t mentioned in his Mediums has always been a red flag for me and immediately goes into the ‘scammer’ box in my mind.

RYOSHI = SHIB = LEASH = BONE = TREAT
That’s it.
He’s been gone since 2021 !!!!!, and like… https://t.co/Wa8XvHjUH7

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 16, 2024

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 Ryoshi SHIB burn message to community

This weekend, Lucie also published a tweet regarding the burning of Shiba Inu meme coins and the standard that Ryoshi set to this. Lucie made a reminder that the mysterious founder burned the keys to the remaining SHIB supply.

The devs can’t change the SHIB supply because Ryoshi burned the keys, meaning no one has control over it. To reduce the supply, SHIB needs to be bought and burned, and that takes money.

Here’s the exciting part: to really reduce the supply in a big way, we need millions (even… https://t.co/Fysiu4fPCZ

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) September 14, 2024

This now means that if anyone wants to reduce the SHIB supply in circulation, they must buy these tokens and then move then out of circulation through burning. Another is to increase the use of Shibarium by attracting millions of new users.

Source