đą Attention crypto enthusiasts! Bittensor, the blockchain network, suffered a theft of $8 million in digital assets, forcing it to stop its activity on July 3. đ±
âą The attack was contained and the chain was placed in safe mode, not allowing transactions.
âą This incident follows another theft of $11.2 million in TAO tokens in June.
âą According to Merkle Science's "2024 Crypto HackHub Report," private key leaks surpassed smart contract-related thefts in 2023.
âą Funds lost from smart contract vulnerabilities fell 92% to $179 million in 2023, from $2.6 billion in 2022.
Thefts and exploits remain a major concern for the crypto space. How do you think we can improve security in the cryptocurrency industry? Share your ideas in the comments. đ#cryptonews#blockchain #security