According to BlockBeats, Bittensor responded to a wallet attack on July 3rd, stating that they are conducting an investigation and have cautiously halted all on-chain transactions until they gather more information about the nature of the attack. The chain is now in safe mode for at least 24 hours. This means that all transactions, including transfers, are currently suspended while the root cause of the attack is being investigated. Given the priority of addressing the remaining issues this week, no regular software updates for Bittensor or any chain updates on the mainnet or testnet will be released before the chain is fully restored.
In previous reports, Bittensor (TAO) experienced a short-term drop of over 15% due to the theft of an on-chain wallet, with the current price reported at $236.
