Bittensor: Currently investigating the wallet attack situation, suspending on-chain transactions for 24 hours

2024-07-03 09:04:42
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ChainCatcher message, Bittensor official response to the wallet attack, "We are investigating and have recently taken the precaution of completely halting on-chain transactions until we have more information about the nature of this attack."

"The chain is now in safe mode for at least 24 hours. During the investigation of the source of this attack, all transactions (including transfers) have been paused. 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) experienced a temporary drop of over 15% due to the theft of on-chain wallets.

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