The post WazirX Hack Triggers MASSIVE SHIB Dump! Should You Sell? appeared first on Coinpedia Fintech News
Shiba Inu (SHIB) has taken a dramatic nosedive, plummeting over 10.6% in the past few hours to settle at approximately $0.00001737. This steep decline is raising alarm bells among investors as it strongly suggests the hacker responsible for the recent WazirX breach is beginning to offload their stolen SHIB.
With a staggering 5.4 trillion SHIB tokens still in their possession, according to blockchain data, the potential for further market turmoil looms large.
Read on to know more.
Major Breach at WazirX: A $230 Million Heist!
WazirX, India’s largest digital asset exchange, recently suffered a major security breach. Hackers exploited vulnerabilities in the platform’s multisig wallets, resulting in the theft of over $230 million worth of various cryptocurrencies, including SHIB, PEPE, Ethereum, and Fantom.
Blockchain data reveals that the attacker responsible for t
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