Bittensor, an AI-focused project, recently halted its network operations after suffering wallet hacks resulting in an $8 million loss of TAO, its native token. This incident follows a previous breach that cost $11 million. The team released a detailed report revealing that the attack was traced back to a malicious package in the PyPi Package Manager. Immediate steps were taken to remove the package and enhance security measures. Collaborating with exchanges, the team aims to recover funds and resume normal blockchain operations. Users are advised to create new wallets, upgrade to the latest version, and take precautions once transactions resume. Plans are in place to prevent future incidents by implementing stricter access processes and security audits. Despite the setback, TAO is still showing significant gains year-to-date, trading at $224. Read more AI-generated news on: https://app.chaingpt.org/news
