Twitter drama erupted on Thursday and continued into Friday afternoon when the developers behind popular meme token Shiba Inu issued a statement alleging CoinMarketCap had listed three fake SHIB contracts addresses to the Binance Smart Chain, Solana, and Terra Luna blockchains. Staff at Shiba Inu claimed the addresses were dangerous and that CoinMarketCap refused to correct it. The contract addresses were still visible on CoinMarketCap at the time of publication.
Official Statement on the recent actions of @CoinMarketCap pic.twitter.com/DXP2wZRhYC
Shib (@Shibtoken), January 13, 2022
CoinMarketCap responded earlier in the day to claim that the contract addresses on the page were wormhole addresses intended to facilitate cross-chain transaction. According to popular cryptocurrency price-tracking website, staff from Shiba Inu didn’t contact them through official channels and instead reached out to get more clarification.
Please note that the non-ETH contract addresses on this page @shibtoken are wormhole addresses, which are designed to facilitate cross-chain transactions of wrapped versions of this assethttps://t.co/IhbNBJkwnf
— CoinMarketCap (@CoinMarketCap), January 14, 2022
Shytoshi Kusama (volunteer project leader for Shiba inu) did not respond to the issue. However, the developer retweeted an article by @wenfloat on Twitter, which stated:
You should delist SHIB if you allow scammers to add fake contracts to our page (WE ONLY ERC-20). You won’t be working with scammers. We’ve been ignored for months, where is your professionalism?
Shiba Inu’s stellar token gains over 12 months and its (sometimes too) enthusiastic investors are two of its most notable assets. Shytoshi Kusama was sued by Ask the Doctor, a former SHIB influencer who also runs Medical Q&A platform Ask the Doctor. He claimed he had been libelous and threatened to reveal his identity in court. The site lost around 10,000 followers from 58,000 in just hours. It also suffered ridicule on Twitter and hundreds of TrustPilot reviews (most of which were removed).