Shiba Inu Price Drops 10% Following $235 Million Hack on WazirX, SHIB Sell-Off Risk Increases
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**Shiba Inu Price Drops 10% Following $235 Million Hack on WazirX, Increasing Risk of SHIB Sell-off**
In a significant incident shaking the cryptocurrency community, Shiba Inu (SHIB) has experienced a sharp price drop of 10% following a massive hacking attack on the WazirX exchange, resulting in a loss of $235 million. The breach has raised panic among investors, fueling a wave of sell-offs and further driving down prices. The WazirX hack represents one of the largest security breaches in recent months, casting a spotlight on the vulnerabilities within crypto exchanges. As fears mount, the SHIB market is seeing increased volatility, prompting experts to caution investors about potential further declines in value.
