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Billions of Shiba Inu Coin Stolen: Here’s How SHIB Price Has Reacted
BigONE, a lesser-known but sizable cryptocurrency exchange, has recently been hit by a coordinated supply chain attack, resulting in the theft of over $27 million worth of assets, including almost 10 billion Shiba Inu (SHIB) tokens. The breach reportedly enabled the attacker to bypass internal account controls and re-route funds across multiple wallets without touching private keys.
The stolen assets include 121 BTC, 350 ETH, 8.54 million USDT, 1,800 SOL, and a substantial amount of SHIB.
As a result, the SHIB community was instantly put on edge. With many tokens withdrawn and now circulating outside of exchange custody, numerous holders anticipated the worst: a dump, panic exits, and a ripple effect across SHIB-linked liquidity pools.
However, what unfolded next was not precisely what experts had predicted. Upon examining the one-minute chart during the crucial hours following the attack’s disclosure, it became apparent that prices briefly dipped below $0.00001350. Nevertheless, instead of plummeting further, the chart began to ascend towards $0.00001370, as if the shock did not register at all.
The $SHIB price has been quite resilient in recent times, with an ongoing trend that may be driven by various factors like increasing retail participation and the rise in mainstream recognition.
Source: u.today
