Shiba Inu Team Faces Allegations of Neglecting $3M Hack Victims—Here's the Reason Behind It
Allegations Against Shiba Inu Team: The Shiba Inu community is under scrutiny due to concerns raised by Shane Cook regarding the team's lack of engagement with law enforcement following the Shibarium Bridge exploit, which resulted in over $3 million in stolen funds.
Investigation Findings: On-chain analyst Shima traced the laundering of stolen assets, revealing that the hacker moved funds through Tornado Cash to KuCoin, and identified multiple wallets involved in the laundering process.
KuCoin's Response: KuCoin has refused to freeze the accounts linked to the stolen funds without a formal law enforcement case number, which has stalled recovery efforts.
Call for Action: Shima criticized the Shiba Inu team for not filing an official complaint and urged victims to take individual action, offering his investigative findings to assist in pursuing the case.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 0.0000033 | 0.00000419 | 0.00000526 | 0.00000615 | 0.00000722 | 0.00000811 | 0.00000918 |
| Fibonacci | 0.00000419 | 0.00000494 | 0.0000054 | 0.00000615 | 0.0000069 | 0.00000736 | 0.00000811 |
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