Crypto Gaming's $1B Vision Shaken by $8M Hacking Incident
The Digital Heist: Unpacking the Multi-Million Dollar Raid on Bittensor In an astonishing turn of events, the blockchain industry has once again found itself under the spotlight for reasons that expose its vulnerabilities to the cyber world Bittensor, a blockchain firm that has ingratiated itself with the cutting-edge intersection of artificial intelligence (AI) and blockchain technology, became the recent victim of a cyber heist resulting in a staggering loss of millions The incident involved the illicit siphoning of approximately 32,000 TAO tokens, pegging the toll at around $8 million This digital pilferage precipitated a sharp 9% fall in the token's value, with repercussions that rattled the trust and confidence vested in the platform In response, the firm's co-founder, Ala Shaabana, was prompted to initiate a 'safe mode' to stem further losses, reflecting on the fragility and challenges that blockchain technology encounters despite its touted security advantages...
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