Financial Digest

Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

The Bittensor blockchain was temporarily halted after an attack on several user wallets, causing a 15% drop in TAO prices.

The Bittensor blockchain was temporarily halted early Wednesday as team members detected an attack on several user wallets, with at least one wallet drained of $8 million worth of the project’s TAO tokens.

 

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