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Bittensor (TAO) faced a security breach and tumbled over 12% overnight.
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Around $8 Million worth of TAO was stolen in this hack.
The decentralized Artificial Intelligence platform Bittensor (TAO) abruptly stopped operations, probably due to a security attack on users’ wallets. This suspicious activity triggered an over 12% drop in price in the last 24 hours.
TAO was trading in a consistent downtrend, revealing a major decline in the past few weeks. It traded close to its 52-week low mark of $240 and was under pressure.
Until the token does not retain the $270 mark, the selloff might continue, leading to further decline.
At press time, Bittensor token traded at $240.90, with an intraday decline of 11.36%, reflecting bearishness on the chart. It has a monthly return ratio of -360% and -43.49% yearly, reflecting a downtrend.
The pair of TAO /BTC was at 0.0000308 BTC, and the market cap was $121.59 Million. Analysts are neutral and suggest
We współpracy z: https://www.thecoinrepublic.com/2024/07/03/bittensor-tao-price-plummets-over-12-amid-suspected-wallet-hack/
