The administrators of the CoinMarketCap aggregator (CMC) deliberately added to the description of the Shiba Inu (SHIB) project links to addresses of smat contracts that are not directly related to the project. About this on your Twitter page stated developers of “memno” altcoin.
– Shib (@Shibtoken) January 13, 2022
The developers’ claim concerns the appearance of fake smart contracts for SHIB in the list of official ones on the project page. In fact, SHIB is exclusively a token based on the Ethereum blockchain, however, other networks are listed on the CMC page, including Solana and Binance Smart Chain.
The developers claim that CMC declined to respond to claims of unauthorized listing of addresses. The official position of the developers is as follows:
“The defense team at Shiba Inu is extremely disappointed by the lack of professionalism demonstrated by CoinMarketCap, a resource that is considered the mainstay of integrity in the crypto community.”
Shortly after public criticism, at CMC answeredthat the addresses are “not malicious”. According to the aggregator’s position, included addresses are required to convert tokenized versions of SHIB. However, it remains unclear on what basis the resource administrators unilaterally made changes on the project page without notifying the developers themselves. It also remains unclear who deployed contracts for SHIB conversion.
For the avoidance of doubt, the addresses are not malicious. There is precedent for us to publish the contract addresses for wrapped assets because it would ultimately streamline the user experience and facilitate cross-chain transactions.
— CoinMarketCap (@CoinMarketCap) January 14, 2022
Users were not satisfied with the CMC explanation. In the heated discussions, they notedthat resource administrators are self-employed if they do not notify the development team about their actions.
It is not the first time that CMC has found itself at the center of a scandal. For example, at the end of December 2021, the head of cryptocurrency company Crypto.com Chris Marsalek accused CoinMarketCap of arbitrating the ranking of exchanges.
Stay in touch! Subscribe to World Stock Market in Telegram.