The world of cryptocurrency took another blow this week as Bittensor, a prominent AI-focused project, was forced to halt its network after a series of wallet hacks. Investigators suspect a private key leak may be to blame, raising concerns about the security of the entire crypto ecosystem.
On July 3rd, Bittensor co-founder Ala Shaabana announced a network shutdown via a social media post. This drastic measure came after attackers siphoned off at least $8 million worth of TAO, Bittensor’s native token. The incident follows a similar theft just a month prior, where another wallet hemorrhage resulted in a loss of $11 million.
By way of an update, we have contained the attack and put the chain into safe mode (blocks producing but no transactions are permitted).
We’re still mid investigation and are considering all possibilities. Stay tuned.
— Ala (@shibshib89) July 3, 2024
They are still mid-investigation and are considering all possibilities, Shaabana disclosed, highli
We współpracy z: https://bitcoinist.com/is-bittensor-safe-network-halted-after-8-million-vanishes-from-security-breach/
