Shibburn warns SHIB users on wallet security as 2.6 million SHIB burn in 24 hours

Shibburn urged the Shiba Inu community to scrutinize unexpected wallet requests, warning that approvals or signed transactions can grant permissions users may not fully understand. The caution comes as crypto users face renewed security concerns after major 2026 DeFi exploits, exchange breaches and a cold storage failure, including a Coldcard incident that swept Bitcoin from wallets secured by the hardware devices. In a separate message, Shibburn also told users never to share a seed phrase or private key, noting that legitimate support teams will not ask for either. Alongside the security alert, Shibburn said 2,604,774 SHIB were burned over the past 24 hours, with the daily burn rate down 8.74% from the previous day, when 3.93 million tokens were burned. The website showed 48.52 million SHIB burned over the last seven days and 3.35 billion over the last 30 days, while the 30-day burn rate fell 76.71%. Cumulative burns reached 410,843,714,716,903 SHIB across 21,530 transactions. At the time of writing, SHIB was up 0.21% on the day but down 7.63% for the week as investors assessed a Wednesday inflation reading that showed moderating prices across a range of goods and services, potentially reducing the urgency of an imminent interest rate cut.

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