Billions of SHIB Tokens Stolen from Major Exchange
09/11/2024 13:00
Another major exchange has suffered a security breach
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.
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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.
About the author
Alex Dovbnya
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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