According to ChainCatcher, Bittensor officially responded to the wallet attack, "We are investigating and have recently been very cautious to completely stop transactions on the chain until we have more information about the nature of this attack."

"The chain is now in safe mode for at least 24 hours. All transactions (including transfers) have been suspended during the investigation of the root cause of this attack. We will not release any regular software updates for Bittensor software or any chain updates on the mainnet or testnet until we fully restore the chain online."

Previously, Bittensor (TAO) fell by more than 15% in a short period of time due to the theft of the on-chain wallet.