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Billions of Shiba Inu Coin Stolen: Here’s How SHIB Price Has Reacted
A coordinated supply chain attack has led to the theft of over $27 million in assets from BigONE, a lesser-known cryptocurrency exchange. The stolen funds include approximately 9.69 billion Shiba Inu (SHIB) tokens, which have surprisingly reacted with a flat price movement, unlike what would typically be expected following such a massive hack.
Initially, as the news broke out, many SHIB holders were on high alert. With an enormous amount of tokens withdrawn and now circulating outside the exchange’s custody, fears about a dump and panic exits rose. However, instead of plummeting, the chart started climbing back towards $0.00001370, almost as if the shock had not registered at all.
The unexpected reaction from SHIB price has raised several questions in the community. Was it a case of disbelief? Did low liquidity on BigONE play a role? Or did SHIB’s massive circulating supply simply absorb the impact?
As the investigation continues, one thing is clear: Shiba Inu (SHIB) holders must remain vigilant and secure their assets to avoid becoming victims of this kind of hack.
Source: u.today
