Shiba Inu (SHIB) has suffered a $2.8 million loss following a security breach in the Shibaswap platform. The incident involved the compromise of multiple signer keys, which allowed an attacker to exploit legitimate Merkle leaf exit requests to withdraw funds. This breach has highlighted vulnerabilities in the root chain manager contract, raising significant concerns about the platform's security. The security lapse has further impacted SHIB's market performance, with the token's price declining 45% year-to-date. Daily trading volume has also decreased to $150 million. Despite the setback, analysts suggest a potential price rebound if SHIB can surpass the resistance level of $0.0000119.