Shiba Inu Announces $23,000 Reward After $2.4 Million Shibarium Bridge Hack
Bounty Offer for Stolen Assets: Shiba Inu's DeFi platform has offered a 5 Ether ($23,000) bounty to hackers who exploited its Shibarium bridge, draining $2.4 million. The team is open to negotiations and has contacted authorities while investigating the breach.
Details of the Exploit: The attack involved compromised validator signing keys and a flash loan to gain control over the network, allowing the attackers to execute fraudulent transactions and steal funds.
Emergency Measures Implemented: In response to the exploit, Shibarium developers paused staking functions and transferred funds to a secure hardware wallet to protect remaining assets from further attacks.
Impact on Token Prices: Following the exploit, prices of Shiba Inu ecosystem tokens dropped significantly, with SHIB falling 7% and BONE experiencing a 38% decline, reflecting investor concerns over security vulnerabilities in the network.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000307 | 0.00000407 | 0.00000524 | 0.00000624 | 0.00000741 | 0.00000841 | 0.00000958 |
| Fibonacci | 0.00000407 | 0.0000049 | 0.00000541 | 0.00000624 | 0.00000707 | 0.00000758 | 0.00000841 |
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