A significant warning has been issued by a leading Shiba Inu (SHIB) developer to the SHIB community concerning a hack on WazirX that has resulted in considerable financial losses for numerous SHIB investors.<\/p>\n
Kaal Dhairya, a top developer closely associated with Shytoshi Kusama, the pseudonymous lead developer of SHIB, took to social media to highlight a new hack targeting investors. This hack occurred on WazirX, a well-known Indian crypto exchange. Dhairya emphasized the breach by stressing the importance of safeguarding wallet private keys to protect crypto assets.<\/p>\n
Reports indicate that WazirX experienced a major security breach leading to approximately $235 million in crypto assets being moved out of the exchange. The hack involved funds from WazirX being transferred to a new address through transactions funded by “TornadoCash,” compromising assets like Pepe (PEPE), Tether (USDT), Gala (GALA), and Ethereum (ETH).<\/p>\n
An investigator known as ‘ZachXBT’ revealed that the attacker swiped over $100 million worth of Shiba Inu tokens along with around $4.7 million in Floki (FLOKI) coins. To protect SHIB community members and other crypto investors, Dhairya raised awareness about the WazirX security breach.<\/p>\n
Arkham Intelligence shared that ZachXBT provided concrete evidence of a KYC-linked deposit address used by the malicious attacker, potentially aiding in resolving the hack and identifying the culprits.<\/p>\n
Following the theft of over $100 million worth of SHIB tokens in the hack, the price of Shiba Inu experienced a significant decline, leading to unexpected losses. Despite recent positive performance, the hack triggered a bearish sentiment influencing the meme coin’s market price.<\/p>\n
Shiba Inu’s price plummeted by 6.39% and is currently trading below the $0.00002 mark according to CoinMarketCap data. Despite a substantial increase in its 24-hour trading volume, SHIB’s price has fallen to $0.0000175. The coin’s value reached around $0.000019 before the hack-induced downturn, causing investors to reassess their positions.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
A significant warning has been issued by a leading Shiba Inu (SHIB) developer to the SHIB community concerning a hack on WazirX that has resulted in considerable financial losses for numerous SHIB investors. Developer\u2019s Warning to SHIB Community Kaal Dhairya, a top developer closely associated with Shytoshi Kusama, the pseudonymous lead developer of SHIB, took […]<\/p>\n","protected":false},"author":1,"featured_media":15981,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Important Alert for Shiba Inu Community Regarding Recent Hack on WazirX - Bitrabo","description":"A significant warning has been issued by a leading Shiba Inu (SHIB) developer to the SHIB community concerning a hack on WazirX that has resulted in considerabl"},"footnotes":""},"categories":[316],"tags":[3867,472,1128,5615,1887,585,808,584,3358,809],"class_list":["post-15980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-attention","tag-community","tag-critical","tag-critical-warning","tag-developer","tag-inu","tag-issues","tag-shiba","tag-shiba-inu","tag-warning"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15980"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15981"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}