Bittensor user wallets were stolen, downtime was investigated, and on-chain transactions were suspended! Token TAO plunges 12%

According to "The Block" report, after discovering that user wallets were attacked, it was announced that the decentralized AI project Bittensor (TAO) had temporarily shut down the blockchain. Affected by the news, the price of Bittensor’s native token TAO fell by more than 12% today, reaching US$238 at the time of writing, with a market value of US$1.6 billion.

The blockchain browser shows that the last time Bittensor produced a block was around 7:30 this morning (3rd), and the official team issued an announcement about an hour later stating: The Optentensor Foundation is investigating the past. Multiple suspected attacks on Bittensor wallets occurred within 3 hours. Out of an abundance of caution, the Foundation has placed the blockchain in "safe mode (pause)" and will continue to do so for at least 24 hours.

Bittensor community Discord administrator const[т,T] informed that in order to prevent more unauthorized access, all on-chain transactions will be suspended during the team’s investigation until the team obtains information about the attack. More information.

On-chain detective ZachXBT quoted Bittensor’s announcement as saying that the potential theft may be related to the leakage of private keys. He explained: "Earlier today, Bittensor was shut down due to multiple theft incidents due to private key leaks."

ZachXBT also monitored that in this attack, it is estimated that at least 32,000 TAO (worth 800 million) was stolen.

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