Bittensor Reveals Vulnerability Behind $8 Million Exploit In New Report – Details

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Bitcoinist 3d ago

Bittensor Reveals Vulnerability Behind $8 Million Exploit In New Report – Details - Bitcoinist

Quick Summary:

In a recent incident, Bittensor, a prominent AI-focused project, was forced to suspend its network operations following a series of wallet hacks, resulting in a loss of at least $8 million worth of TAO, Bittensor’s native token. This incident comes just a month after another wallet breach that led to a loss of $11 million.

Bittensor plans to investigate the breach with the PyPi maintainers and implement enhancements to prevent future incidents.

The attack timeline indicates that the attacker initiated fund transfers from wallets to their wallet, which was detected by the Opentensor Foundation (OTF).