Dec 4, 2025
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Shiba Inu Price Rises 8% After Shibarium Hacker Evidence Sent to FBI
Shiba Inu price increased by 8% following the team’s response to a Shibarium bridge exploit. Hackers laundered funds using Tornado Cash and deposited them into KuCoin.
- Researcher Shima traced the hacker's movements, revealing about 260 ETH moved through 111 wallets after a majority of validator keys were taken.
- The exploit drained $2.3-2.4 million in ETH, SHIB, and KNINE, later consolidated and sent to mixers.
- Core developer Kaal Dhairya plans to forward evidence to the FBI and seeks KuCoin's cooperation.
- K9 Finance DAO previously offered bounties up to 25 ETH to the exploiter, which were declined, leading to the return of unclaimed ETH to contributors.
- Shima identified 232.49 ETH routed to KuCoin via 48 deposits through multiple wallets. KuCoin awaits a law-enforcement case number to act on implicated accounts.
- The ShibariumNet team supports the investigation, highlighting the need for transparency and collaboration with authorities.
Shiba Inu (SHIB) Price Analysis
SHIB reached a 14-day high of $0.00000917, gaining 8.4% after resolving fraud investigations. The price rebounded from recent lows and surpassed short-term moving averages.
- Next resistance is near $0.0000093 at the 30-day and 50-day SMAs. A close above this could target $0.000010.
- Sustained trading volume may support further gains, while falling below $0.00000880 would revert to bearish momentum.
Meme Coin Sector Developments
The meme coin sector sees renewed interest, with Maxi Doge presale nearing $4 million. The project offers high leverage without stop-loss restrictions.
- Each MAXI token priced at $0.00026; presale tier expected to unlock soon.