Hacking News
Shiba Inu Supply Vulnerable After Binance Hack
0.05% of Shiba Inu (SHIB) supply, worth nearly $2.3 million, was transferred to an address linked to a Binance hacker. The hacker, identified as 'Binance Hot Wallet Exploiter 2' (0x5227f603C1eE34CE3C06eFe6477003BDfCCB2f8c), holds 499,926,072,560 SHIB, which is 0.05% of the Shiba Inu supply. The hack, involving a compromised DevOps engineer's laptop, resulted in the theft of 499.9 billion SHIB and other tokens from Binance-labeled hot wallets. Mazrael, a Shiba Inu community member, emphasized the importance of self-custody, warning users to not rely solely on centralized exchanges for their assets.