The official Shiba Inu Twitter account has provided up an update on the recent CoinMarketCap incident, claiming that the top cryptocurrency ranking website has already reached out to the coin’s developers in order to solve recent issues related to “wormhole” addresses.
As reported by U.Today, the Shiba Inu community called attention to three fake smart contracts on three “Ethereum killers” (Binance Smart Chain, Terra and Solana) that are displayed on the “front page of crypto.”
The team has clarified that any non-Ethereum address is, in fact, invalid since SHIB is an ERC-20 token. Tokens sent to addresses on other chains would end up being lost forever.
Later, CoinMarketCap swiftly issued a statement, clarifying that these are actually wormhole bridges for cross-chain transactions with wrapped versions of the token. Hence, the addresses in question are not malicious, and they are actually meant to improve the user experience.