According to a report by "The Block", the decentralized AI project Bittensor (TAO) announced that it had temporarily shut down the blockchain after discovering that user wallets were attacked. Affected by the news, the price of Bittensor’s native token TAO fell by more than 12% today, reaching US$238 at the time of writing, with a market value of US$1.6 billion.
The blockchain browser shows that the last time Bittensor produced a block was around 7:30 in the morning on the 3rd, and the official team issued an announcement about an hour later stating:
The Optentensor Foundation is investigating multiple suspected attacks on Bittensor wallets in the past 3 hours. Out of an abundance of caution, the Foundation has placed the blockchain in "safe mode (pause)" and will do so for at least 24 hours.
The Bittensor community Discord administrator const [т, T] informed that in order to prevent more unauthorized access, all on-chain transactions will be suspended during the team's investigation until the team obtains more information about this attack. Information.
Citing an announcement from Bittensor, on-chain sleuth ZachXBT said the potential theft could be related to the leak of private keys. "Earlier today, Bittensor was down due to multiple thefts of private keys," he explained.
ZachXBT also monitored that in this attack, it is estimated that at least 32,000 TAOs (valued at US$8 million) were stolen.
〈Multiple user wallets were stolen, causing an estimated loss of US$8 million! Bittensor outage investigation, on-chain transactions completely suspended> This article was first published on "Block Guest".