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Billions of SHIB Tokens Stolen from Major Exchange

By admin On Sep 11, 2024

According to blockchain security firm SlowMist, Indodax, the oldest and largest Indonesian exchange with more than 5 million users, has suffered a security breach.

The hacker behind the attack stole a total of $22 million worth of crypto.

Notably, Shiba Inu (SHIB), the second-biggest meme cryptocurrency, was among the affected cryptocurrencies. The bad actor stole a total of 9 billion SHIB tokens.

Chainlink (INK), Tron (TRX), and Ethereum (ETH) are among the other affected tokens.

Bitcoin (BTC), the largest cryptocurrency, also accounts for a substantial portion of the stolen funds.

In other news, the WarizX hacker, who famously stole roughly $100 million SHIB tokens, recently reemerged, laundering more than $30 million worth of ETH in just eight days, according to data provided by analytics platform Spot on Chain.

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