CoinMarketCap allegedly lists 3 fake SHIB contract addresses, Twitter firestorm ensues

189
SHARES
1.5k
VIEWS



A little Twitter drama ensued on Thursday, continuing until Friday afternoon, when the developers behind the popular Shiba Inu (SHIB) meme token released a statement alleging that CoinMarketCap had listed three fake SHIB contract addresses belonging to Binance Smart Chain (BNB), Solana (SOL) and Terra Luna (LUNA) blockchains. Shiba Inu staff claimed the addresses were insecure and CoinMarketCap refused to correct the alleged error. At press time, the contracts addresses are still visible on CoinMarketCap.

Earlier today, CoinMarketCap posted a response claiming that the contract addresses listed on the page are wormhole addresses designed to facilitate cross-chain transactions. According to on the popular crypto price-tracking site, Shiba Inu staff did not go through official channels to contact them and asked for more details.

While Shiba Inu volunteer project manager Shytoshi Kusama hasn’t commented on the issue, the developer retweeted a post from Twitter user @wenfloat, who said:

“If you allow scammers to add fake contracts on our page (WE ARE ERC-20 ONLY), you need to remove SHIB. At least you won’t be collaborating with scams. You’ve been ignoring us for months; where’s your professionalism?”

Shiba Inu is known for its stellar token gains over the past 12 months, as well as its (sometimes overly) enthusiastic investors. Last December, former SHIB influencer and medical Q&A platform Ask the Doctor filed a lawsuit against Shytoshi Kusama, alleging defamation, and threatened to reveal his personal identity in court. In response, the site lost an estimated 10,000 out of 58,000 followers within hours and saw its Twitter posts buried in a wave of ridicule, along with hundreds of one-star reviews on TrustPilot (most of which have since been deleted).