Crypto Gaming Firm's $1B Vision Thwarted by $8M Theft
Unpacking the Heist on Bittensor: A Glimpse into the AI Blockchain Realm In a striking turn of events, the AI-centered blockchain community was shaken to its core when Bittensor faced a significant theft, casting a spotlight on the emergent vulnerabilities within the sector A staggering loss of 32,000 TAO tokens, equivalent to an astonishing $8 million, was siphoned off from the network's validators, triggering a precipitous 9% drop in TAO's market value Such a nosedive isn't just a mere fluctuation; it's a thunderous alarm bell that demands our undivided attention The reaction to this unexpected calamity was swift, with Bittensor's co-founder swiftly engaging the network's emergency brakes by shifting it into a 'safe mode ' This pause wasn't just a knee-jerk response but a calculated maneuver to mitigate further damage, evidence of a rapidly evolving landscape where digital guardians must remain ever-vigilant...
Read more