Hacking News
Binance Hacker Dumps 499 Billion SHIB, Price Absorbs Selloff
A hacker who stole over $6.3 billion from Binance has dumped 499,926,072,560 SHIB tokens, worth approximately $1.96 million. The hacker received 123,400 ETH worth $277.26 million and 1.69 million USDC in return. SHIB price saw a sharp selloff after the news, dropping to $0.00000446 on Friday before rebounding. The hacker is also swapping stolen SOL for BTC. SHIB has rebounded slightly since the initial drop, but remains in a loss of 18.92% in October and down 3.14% in the last week.