๐จCrypto drama alert!๐จ Bittensor blockchain was put on a "timeout" after a sneaky attack on user wallets caused a 15% drop in TAO prices. The suspected culprit? A private key leakage.๐ต๏ธโโ๏ธ
The attack was so severe, one user lost $8 million worth of TAO tokens. Ouch! That's gotta hurt!๐ฌ But don't worry, Bittensor is in "safe mode" now, meaning blocks are being produced but transactions are on hold.๐
Meanwhile, our Sherlock Holmes of the crypto world, @ZachXBT, suspects a private key leakage led to the attack.๐
Despite the hiccup, we're staying optimistic!๐ช Bittensor, one of the biggest AI-focused crypto projects, is still standing strong with a market cap of $1.6 billion.๐ฐ
What do you think about this incident? Is it a cautionary tale for DeFi and Web 3.0? Share your thoughts in the comments!๐ And remember, always guard your private keys!๐ #CryptoNews #Bittensor #DeFi #Web3