Billion of Shiba Inu Coin Stolen: Here's How SHIB Price Reacts

Key Points

1. BigONE exchange suffered a supply chain attack, losing over $27 million in assets, including 9.69 billion SHIB tokens.

2. Despite the theft, SHIB's price showed minimal volatility, briefly dipping but quickly recovering to around $0.00001370.

3. The attack did not involve private keys, and BigONE has frozen withdrawals while working on a recovery plan.

4. SHIB's massive circulating supply and retail-heavy holder base may have contributed to the lack of significant price movement.

5. The stolen assets included 121 BTC, 350 ETH, 8.54 million USDT, 1,800 SOL, and 25,487 UNI in addition to SHIB.