🚨BITTENSOR SAFETY ALERT🚨

$TAO token experienced a significant 15% drop following an attack on several user wallets, with at least one wallet losing $8 million worth of TAO tokens. The incident, suspected to be caused by a private key leakage, prompted the Bittensor team to temporarily halt the blockchain early Wednesday to contain the exploit. To prevent further damage, Bittensor entered "safe mode," where blocks are produced, but no transactions are processed until more information is available. Independent security researcher ZachXBT highlighted that one user lost 32,000 TAO tokens due to the attack. Despite the initial price drop, TAO saw a slight recovery as core team members reassured that mitigation steps were in place. Investigations are ongoing to understand the full nature of the breach. Bittensor, which connects machine learning models globally, is a prominent AI-focused crypto project with a market cap of $1.6 billion.

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