Shiba Inu Takes Final Action After Hacker Declines $40K Proposal—What's Next?
Bounty Offer to Hacker: The Shiba Inu development team has made a final bounty offer of 25 ETH to the hacker responsible for the Shibarium bridge exploit, following two previous offers that were rejected. The team emphasized that no further negotiations will occur and warned the hacker that the stolen tokens are now blacklisted and effectively worthless.
Recovery Efforts: Lead developer Shytoshi Kusama confirmed the creation of a "war room" to coordinate recovery efforts for the stolen assets, with a trustless reward contract in place to ensure secure fund recovery. Affected users are still awaiting updates on reimbursements.
Security Enhancements: In response to the breach, the Shibarium team has implemented multiple security upgrades, including a temporary shutdown of the network to address vulnerabilities and the disabling of the legacy RPC endpoint.
Commitment to User Protection: The development team is focused on protecting user funds and preventing future attacks, demonstrating their commitment to the Shiba Inu ecosystem and its users.
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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 4 technical signals, shows that 1 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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