normal operation

OpenTensor Foundation: A mechanism is being established to ensure the safety of funds, and normal operation of the Bittensor chain will be restored as soon as possible

ChainCatcher news, the OpenTensor Foundation stated on social media that the team is committed to restoring the normal operation of the Bittensor blockchain as soon as possible. The current top priority is to ensure the security and integrity of the system, ensuring that no additional wallets are compromised and that no more funds are at risk.The official statement indicates that efforts are ongoing to establish a mechanism to ensure the safety of at-risk funds.ChainCatcher previously reported that the decentralized AI network Bittensor officially announced that its community participants experienced a serious security attack on July 2. The Bittensor Foundation has taken emergency actions to halt further fund outflows and is conducting an in-depth investigation into the attack.The attack originated from a malicious program disguised as a legitimate Bittensor package in version 6.12.2 of the PyPi package manager. When users downloaded this package and decrypted their cold wallet keys, the decrypted bytecode was sent to the attacker's remote server, resulting in stolen funds. The main victims were users who downloaded the Bittensor PyPi package and performed transactions, staking, and delegation between May 22 and 29. The Bittensor Foundation has removed the malicious package from PyPi and conducted a comprehensive review of the code, finding no other vulnerabilities at this time.To mitigate losses, the Bittensor Foundation has placed validation nodes behind a firewall and activated security mode on Subtensor. The Bittensor blockchain has suspended all transactions and will only resume normal operations after the vulnerabilities are fixed. The foundation is working with trading platforms to attempt to recover the stolen funds.The Bittensor Foundation stated that it will learn from this incident, improve the package verification process, increase the frequency of external audits, and enhance security standards and monitoring levels. The foundation urges users to transfer their funds to new wallets as soon as possible and to upgrade to the latest version of the Bittensor package.
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