Meme coin Shiba Inu team has made some claims about CoinMarketCap. CoinMarketCap responded quickly. On January 14, the Shiba Inu team made a very important warning to its followers about CoinMarketCap via Twitter. In a post they shared on Twitter, they explained that CoinMarketCap knowingly listed three different fake addresses belonging to SHIB on their platform.

The tweet shared by Shiba Inu includes the following warnings;

“Three different addresses on Binance Smart Chain, Solana and Terra are not secure. It is wrong to purchase SHIB from these addresses.. Because if taken, assets are irretrievably lost.””

They also said that they tried to contact CoinMarketCap, but they didn’t get an answer about it. The Shiba Inu team notes that CoinMarketCap consciously believes that they continue to list the wrong addresses on their platform.

The expected response from CoinMarketCap came very quickly. Responding via Twitter, CMC explained the situation to investors. In the tweet they shared;

They confirmed that the addresses in question are listed on the platform. However, CMC also noted that these addresses are so-called ‘wormholes’ and are not fake or malicious addresses.

Wormhole addresses are smart contact addresses that allow you to move tokens between networks. Their purpose is to facilitate the user experience to enable cross-chain transactions.

The CoinMarketCap team added that they will be able to reach Shiba Inu through their shares through their official channels, rather than writing such situations on Twitter.

A comment has been made for “Reaction to CoinMarketCap from Shiba Inu Team” .

  1. Thank you for this information we actually confused about shib contract addresses because we only know that shib is an Ethereum network I think CMC should update there data’s with proper communication from the team.

Leave a Reply

Your email address will not be published. Required fields are marked *