Shiba Inu Price Surges 8% as Shibarium Hacker Evidence Reaches FBI
The post Shiba Inu Price Surges 8% as Shibarium Hacker Evidence Reaches FBI appeared on BitcoinEthereumNews.com.
Key Notes The Shibarium exploit drained $2.4 million in crypto assets, with hackers moving 260 ETH through 111 wallets before depositing funds at KuCoin. SHIB price broke above key moving averages, reaching $0.00000917 as the team forwarded evidence to FBI and requested KuCoin cooperation. Technical analysis shows potential for continued upside toward $0.00001000 if bulls maintain momentum above $0.00000880 support level. Shiba Inu SHIB $0.000009 24h volatility: 6.0% Market cap: $5.30 B Vol. 24h: $252.30 M price rallied 8% in the last 24 hours as markets reacted to the team’s response to the Shibarium bridge exploit that saw hackers launder funds across crypto-mixer Tornado Cash and deposit accounts linked to KuCoin exchange. Shibarium Bridge hacker foolishly chose not to accept the K9 bounty – it’s finally time to share the investigation we’ve been working on…🔎 this is juicy 🤤 The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering. 💰🌪️💵 That one mistake… pic.twitter.com/itxsXbbGSm — Shima 島。 (@MRShimamoto) December 1, 2025 Investigations drew attention on Monday after prominent researcher and Shiba Inu community contributor Shima published a comprehensive breakdown of the months-long tracing effort, which revealed how the attacker moved approximately 260 ETH through 111 wallets after seizing a majority of validator keys in mid-September. The exploit originally drained an estimated $2.3 million to $2.4 million in ETH, SHIB and KNINE before the funds were progressively consolidated and sent into mixers. Reacting publicly to Shima’s findings, core developer Kaal Dhairya added that the full evidence will be forwarded to the FBI, while also requesting cooperation from KuCoin. Great work! This needs to be amplified. I will also ensure it’s sent to the @FBI attached to the open investigation report and request @kucoincom to cooperate. https://t.co/sbwMOtrROP — Kaal (@kaaldhairya) December 2, 2025 The urgency follows earlier attempts…
Filed under: News - @ December 3, 2025 10:21 pm