In a shocking turn of events for the digital currency world, leading Indian exchange WazirX unveiled a catastrophe yesterday that sent shivers down the spines of Shiba and other cryptocurrency investors. Hackers breached one of the exchange’s multi-signature wallets, dealing a devastating blow worth $230 million.
Amidst this chaos, Shiba Inu (SHIB), the rising star of the meme coin world, bore the brunt of the attack. With $100 million drained from this popular token, its price plummeted by 7% in the early hours today, sparking a wave of concern among its numerous supporters.
This earthquake-like event wasn’t limited to **Shiba Inu** alone. Market giants like Bitcoin (BTC) and even Tether (USDT), known for its stability, didn’t escape unscathed. WazirX traders witnessed a rare opportunity: the chance to buy these currencies at a significant discount compared to global prices and even the Indian domestic market.
This notable price gap has sounded a serious alarm for WazirX. Decreased liquidity and increased selling pressure are signs that forecast an impending storm. Can this popular Indian exchange weather this crisis? Only time will answer this question.
