Key Notes

The Shibarium exploit drained $2.4 million in crypto assets, with hackers moving 260 ETH through 111 wallets before depositing funds at KuCoin.

SHIB price broke above key moving averages, reaching $0.00000917 as the team forwarded evidence to FBI and requested KuCoin cooperation.

Technical analysis shows potential for continued upside toward $0.00001000 if bulls maintain momentum above $0.00000880 support level.

Shiba Inu SHIB $0.000009 24h volatility: 6.0% Market cap: $5.30 B Vol. 24h: $252.30 M price rallied 8% in the last 24 hours as markets reacted to the team’s response to the Shibarium bridge exploit that saw hackers launder funds across crypto-mixer Tornado Cash and deposit accounts linked to KuCoin exchange.

Shibarium Bridge hacker

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