Shiba Inu Team Warned of Misleading SHIB Addresses on CoinMarketCap

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According to a tweet sent from the verified Shiba Inu Twitter account, CoinMarketCap intentionally listed 3 fake smart contract addresses of SHIB.

  • The team, therefore, warned that these addresses found on the Binance Smart Chain, Solana, and Terra are not safe to use.
  • Going even further, the team warned users not to interact with these contracts and not to purchase SHIB from them because the “funds will be irreversibly lost.”
  • Shiba Inu’s team also argued that CoinMarketCap “has refused to communicate with the SHIB team on updates to the token page and willingly allowed malicious actors to vandalize our listing”
  • Responding to the allegation, CoinMarketCap acknowledged that it actually listed three SHIB addresses. However, the platform argues that these are not malicious addresses but rather for the wrapped asset instead:

For the avoidance of doubt, the addresses are not malicious. There is precedent for just o publish the contract addresses for wrapped assets because it would ultimately streamline the user experience and facilitate cross-chain transactions.

  • The team at CoinMarketCap also invited the Shiba Inu team to reach out through “the official channels,” linking to a support page.
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