• 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 Reports indicated that an amount exceeding $8 million worth of TAO tokens was illicitly withdrawn from one of the wallets.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.

chest

Other news

Volatility Indicators Suggest Bitcoin Has Not Yet Hit Bottom

chest

Current volatility fractals indicate that Bitcoin is not at its bottom yet, suggesting further accumulation and potential rallying environments.

user avatarAisha Farooq

Increased Whale Activity Influences Solana Market Dynamics

chest

Increased whale activity has led to over 600,000 SOL being transferred to exchanges, affecting market sentiment and resistance levels.

user avatarTando Nkube

Seven Essential Principles for Trading Success in Australia

chest

Traders in the Australian derivatives market must master seven essential principles to achieve longevity and profitability.

user avatarNguyen Van Long

Navigating the Complexities of the Australian Derivatives Market

chest

The Australian derivatives market, primarily centered on ASX 24, is a high-stakes arena where volatility, leverage, and regulatory complexity converge.

user avatarKofi Adjeman

ASIC's Crucial Role in Regulating the Australian Derivatives Market

chest

ASIC plays a vital role in regulating the Australian derivatives market, ensuring compliance and protecting retail traders.

user avatarSatoshi Nakamura

STABLE Token Now Available for Claiming After Mainnet Launch

chest

The STABLE token is now available for claiming following the launch of its mainnet on December 8.

user avatarJesper Sørensen

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.