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by: xpoolPosted on: April 30, 2025

Shiba Inu Hit by Market Pressure After Hackers Offload Billions in Tokens

The Shiba Inu (SHIB) token is facing market pressure following a major exploit on the Bitrue exchange that saw hackers offload billions of SHIB and other assets. Around 150 billion SHIB tokens were exchanged for Ethereum (ETH), with $25.5 million in assets still unsold. A portion of these funds was likely laundered through Tornado Cash, adding to the difficulty in tracing illicit activities.

Related posts:

  1. 1.5 Million SHIB Holders Signal Shifting Crypto Landscape: Stability or Volatility?
  2. Shiba Inu Price Plunges: Fake Breakout Concerns Emerge, What’s Next?
  3. Bitcoin Drops Below $90,000 after 6.7% Slump
  4. Analyst Warns Market Downturn Signals Potential Surrender
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