• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bittensor Blockchain Faces Attack on User Wallets

user avatar

by Giorgi Kostiuk

a year ago


Bittensor Blockchain Faces Attack on User Wallets

The Bittensor blockchain encountered a significant event with an assault on multiple user wallets. According to a statement from a community administrator within the Tao Community Discord, the TAO Foundation has initiated an investigation into the recent attacks on several Bittensor wallets.

As a precautionary measure, all on-chain transactions were swiftly suspended until further details about the attack could be gathered. Reports indicated that an amount exceeding $8 million worth of TAO tokens was illicitly withdrawn from one of the wallets.

A member of the Bittensor core team addressed the incident, commenting on the ongoing investigation. The team made a decision to halt all on-chain transactions temporarily to await additional information regarding the attack's specifics.

At the time of writing, the value of TAO had depreciated by 11.3% within the past 24 hours, with the cryptocurrency trading at $239.

Disclaimer: This article does not provide investment advice.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

DDC and Animoca Partnership: A New Phase for Bitcoin in Digital Entertainment

chest

DDC Enterprises and Animoca Brands have announced a $100 million strategic partnership to advance Bitcoin in the entertainment industry.

user avatarGiorgi Kostiuk

Michael Saylor Strengthens Confidence in Bitcoin Post Acquisitions Pause

chest

Michael Saylor emphasizes Bitcoin's durability despite a pause in purchasing. Strategy maintains its position as the largest corporate holder of BTC.

user avatarGiorgi Kostiuk

How the US DOJ's New Leadership Will Affect Cryptocurrency Regulation

chest

The US Department of Justice is changing its strategy on cryptocurrency, creating risks for privacy coins.

user avatarGiorgi Kostiuk

DeFi Dev Corp Strengthens Solana Assets Following Major Purchases

chest

DeFi Dev Corp acquires over 153,225 SOL for $23.7 million, bringing total holdings to 846,630 SOL.

user avatarGiorgi Kostiuk

New U.S. Tariffs: Market Volatility and Crypto Resilience

chest

New U.S. tariffs on Asian imports cause market turbulence, while cryptocurrencies like Bitcoin and Ethereum maintain their positions.

user avatarGiorgi Kostiuk

Ben Armstrong Arrested: New Legal Issues for BitBoy

chest

Ben Armstrong, known as BitBoy, has been arrested for harassment. His legal troubles continue to escalate.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.