Shiba Inu (SHIB) Plummets Amid WazirX Hack: 5.4 Trillion SHIB Stolen

Shiba Inu (SHIB) has experienced a significant price drop following the recent exploit on WazirX, a prominent Indian cryptocurrency exchange.

The hack resulted in the theft of 5.4 trillion SHIB, causing widespread concern among investors and triggering a 9% decline in the token’s value to $0.00001726.

5.4T $SHIB has been taken from the WazirX exchange.

These assets are likely to be sold for #Ethereum at any time. pic.twitter.com/pI5qrKXA5w

— CryptoQuant.com (@cryptoquant_com) July 18, 2024

In the past two hours, the hacker’s address has transferred 801 billion SHIB to the address 0x35fe…745CA. This transfer represents 14.74% of the stolen SHIB and is valued at approximately $14.02 million. The hacker continues to offload these tokens in batches, exacerbating the downward pressure on SHIB’s price.

更新：过去两小时 WazirX 黑客地址已向地址 0x35fe… 745CA 转移 8010 亿枚 $SHIB （占被盗 SHIB 数量的 14.74%），价值高达 1402 万美金，正在持续分批抛售

目前黑客地址仍持有 4.9 万亿枚 SHIB，总价值 8652 万美金；因大额链上抛售和恐慌情绪影响，SHIB 币价已下跌 9%，现价 $0.00001726