Conor Grogan, who is the Director of Project Strategy and Business Operations at Coinbase, has suggested that there may be a connection between Ryoshi, the anonymous creator of the Shiba Inu cryptocurrency, and Alameda Research, which Sam Bankman-Fried owns.
Yesterday, Conor Grogan shared a series of posts on Twitter, where he presented evidence linking Ryoshi, the anonymous creator of Shiba Inu, with Alameda Research, a company owned by Sam Bankman-Fried. Grogan pointed out that a Bitkub deposit address used by Ryoshi was associated with an OpenSea account named “ALAMEDA.” Grogan explained that Ryoshi used the deposit address twice, once in 2020 and 2021. He also mentioned that Bitkub does not change deposit addresses, which Ryoshi may not have been aware of.
Furthermore, Grogan noted that the OpenSea account linked to the Bitkub deposit address had minted an (NFT) inspired by Sam Bankman-Fried. The NFT, called “SBF Legendary,” was created by Meme Ltd. in September 2020 and is a collection of only ten pieces, with eight owners currently. The NFT is presently listed for sale at 25 ETH, equivalent to approximately $39,000 at current exchange rates.
The Coinbase director sometimes shares interesting blockchain-related information, stating that it is unclear why Ryoshi would use Alameda’s OpenSea handle in 2020. He suggested that the Shiba Inu creator was merely holding onto it for memes, meaning that Ryoshi may have used the handle to create humorous content.
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It is relevant to note that this is not the first time Conor Grogan has suggested a connection between the Shiba Inu coin and Alameda Research. In a previous Twitter thread last month, the Coinbase director shared data indicating that Alameda, the largest holder of SHIB tokens at the time, likely played a significant role in the last bull run for the meme coin. Grogan suggested that Alameda may have dumped its SHIB tokens just as FTX expanded SHIB perpetual trading, which could have influenced the coin’s price movement.
As a result of Conor Grogan’s recent findings, there has been speculation that Sam Bankman-Fried, the founder of Alameda Research, may be the anonymous creator of the Shiba Inu coin, known as Ryoshi. In response, some members of the Shiba Inu community have reached out to @LucieSHIB, a well-known community influencer, and Shytoshi Kusama, the volunteer project lead, for their thoughts on the matter. As of now, they have yet to respond to these inquiries.
Notably, Ryoshi, much like Satoshi Nakamoto, the anonymous creator of Bitcoin, disappeared from public view in May 2021. The Shiba Inu community still adheres to Ryoshi’s original vision for the project. Shibarium, a proposed Ethereum Layer 2 protocol, is a project that Ryoshi envisioned for the Shiba Inu community. Shytoshi Kusama, the volunteer project lead, has stated that Shibarium will launch soon.
