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Billions of Shiba Inu Coin Stolen: Here’s How SHIB Price Has Reacted
A shocking cybersecurity breach has unfolded at the lesser-known but considerable cryptocurrency exchange, BigONE. The platform was compromised in a supply chain attack, resulting in the theft of over $27 million worth of digital assets, including nearly 10 billion Shiba Inu (SHIB) tokens.
The community was promptly put on edge, with numerous tokens withdrawn and now circulating outside of exchange custody. However, what followed was not exactly fear. Despite this massive theft, SHIB’s price has reacted surprisingly – by climbing back toward $0.00001370.
An examination of the one-minute chart during critical hours after the breach disclosed shows a brief dip in prices below $0.00001350. Instead of plummeting as expected, the graph began to ascend, almost as if the shock had not been registered at all.
The price movement, or lack thereof, may prove to be the more intriguing narrative.
Source: u.today
