In a significant development in the world of cryptocurrency security, ZackXBT, a prominent on-chain investigator, has unveiled the identities of those responsible for the $28 million hack of Bittensor that occurred in July 2024. This revelation comes as part of an ongoing investigation that has garnered considerable attention within the crypto community, and The publication provides the following information:
Investigation Reveals Insider Threat
In a detailed blog post published on October 15, 2025, ZackXBT disclosed that the investigation traced the hack back to a former employee of Bittensor. This connection raises serious questions about insider threats in the crypto industry and highlights the importance of robust security measures within organizations.
Legal Action and Implications
The findings from ZackXBT's investigation have led to a civil lawsuit being filed against multiple suspects involved in the hack. This legal action not only aims to recover the stolen funds but also sets the stage for potential criminal proceedings as substantial evidence has been collected. The case underscores the ongoing battle against cybercrime in the cryptocurrency space and the critical role of investigative efforts in bringing perpetrators to justice.
In a related legal matter, Riverstone has filed a lawsuit against Tether, alleging wrongful asset freezing, which raises concerns about centralized control in the cryptocurrency space. For more details, see read more.
