Hacking News
Binance Hacker Dumps 499 Billion SHIB
A hacker associated with Binance sold nearly 500 billion SHIB tokens, causing a significant drop in the token's price. Despite this, Shiba Inu (SHIB) price barely flinched, showing surprising resilience. The hacker also sold assets across multiple altcoins, generating around $279 million in proceeds. The incident affected about $6.3 billion in assets, making it the largest crypto theft on record. SHIB initially dropped alongside the wider crypto market but quickly recovered.