16.07.2025 17:05

A significant cryptocurrency exchange, BigONE, experienced a sophisticated supply chain attack resulting in the loss of over $27 million in digital assets. This substantial heist included a staggering 9.69 billion Shiba Inu (SHIB) tokens, alongside 121 Bitcoin (BTC), 350 Ethereum (ETH), 8.54 million Tether (USDT), and other cryptocurrencies. Remarkably, the attackers achieved this breach by compromising the exchange's internal systems and manipulating account controls, rather than compromising private keys.

The theft of such a massive quantity of SHIB tokens immediately raised concerns within the community. Many anticipated a dramatic price drop, panic selling, and cascading negative effects on SHIB liquidity pools. Contrary to these predictions, however, the market reacted with surprising resilience. Following the initial announcement, the SHIB price experienced only a minor and temporary dip, quickly recovering to pre-attack levels. This unexpected stability defied expectations given the scale of the stolen assets.

The market's muted response to this major event presents several intriguing possibilities. Limited liquidity on BigONE itself could have played a role, dampening the immediate impact of the stolen SHIB. Alternatively, the sheer volume of SHIB in circulation might have absorbed the shock of such a large-scale sell-off. The possibility of market disbelief or a delayed reaction also cannot be ruled out.

It's crucial to consider Shiba Inu's position within the broader cryptocurrency market. Far from being an obscure altcoin, SHIB consistently ranks among the most actively traded tokens globally, boasting a substantial and generally responsive retail investor base. This time, however, the typically volatile SHIB market showed remarkable stability in the face of a significant negative event. The reasons behind this unusual calm remain a subject of ongoing speculation and analysis from internet sources.