Shiba Inu Leader Kaal Dhairya Describes $4 Million Hack as a 'Serious Incident' — Vitalik Buterin Advocates for Emphasis on Low-Risk DeFi Over Memecoins
Hack Incident Overview: Kaal Dhairya, lead developer of the Shiba Inu ecosystem, described a recent hack on the Shibarium network as a "serious incident," resulting in a loss of $4 million in various cryptocurrencies, including significant amounts of Ethereum and SHIB.
Security Measures and Recovery: The team has restricted bridge operations and implemented additional security measures while recovering the compromised Bone ShibaSwap tokens. Dhairya acknowledged decentralization issues and emphasized safety over a timeline for resuming operations.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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