Fomo.app Cross-Chain Trades Misclassified
acknowledged
M
Michael B
What is the issue?
Cross-chain trades executed through Fomo.app are being misinterpreted as two unrelated transactions — a Send on the source chain (Solana) and a Buy on the destination chain (e.g., Base or Binance). This results in missing cost basis and inflated capital gains.
Who is affected?
Users who use Fomo.app to trade from one blockchain to another, typically starting with USDC on Solana.
What is the workaround?
Users can manually link the Send and Receive transactions, but this may still result in incorrect gain calculations.
Keywords: Fomo.app, cross-chain trade, Solana, Base, cost basis, capital gains
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