Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The world of cryptocurrency took another blow this week as Bittensor, a prominent AI-focused project, was forced to halt its network after a series of wallet hacks. Investigators suspect a private key leak may be to blame, raising concerns about the security of the entire crypto ecosystem.
Bittensor halted its operations on July 3 following a major security breach that led to the theft of over $8 million in cryptocurrencies.
According to reports, the Bittensor (TAO) blockchain was paused due to the depletion of funds from several wallets. The final block was processed 14 hours ago, and the network is now in safe mode, as stated by the Opentensor Foundation. TAO Network Paused for 14 Hours Due to Massive Wallet Thefts At 9:47 p.m.
Two cryptocurrencies have made the headlines in the last 24 hours and are trending with a dominating negative sentiment. In particular, cryptocurrency investors should avoid Polkadot (DOT) and Bittensor (TAO) this week amid looming fear, uncertainty, and doubt (FUD).
Many are questioning why the value of the Bittensor (TAO) ecosystem has plummeted after recent turbulence in the blockchain project. Investors and enthusiasts have expressed serious concerns due to TAO's price sharply dropping 15% after a significant security breach.
The Bittensor team detected suspicious activity on Wednesday morning, prompting an immediate suspension of all network operations. Blockchain explorers confirm that no new blocks have been generated for over six hours, effectively putting the network in “safe mode” and blocking all transactions.
All user funds are safe following the network halt, according to Bittensor's team.
Decentralized AI network Bittensor paused blockchain transactions after its users' wallets suffered an exploit that caused the loss of $8 million worth of assets. Earlier today, blockchain investigator ZachXBT told his Telegram Channel members that a Bittensor user was drained of 32,000 TAO, worth $8 million, because of a leaked private key.
As an aftermath of the attack, TAO dropped by 15%, reflecting that holders have entered a panic mode.
Blockchain startup Bittensor has temporarily halted its network due to a private key leak, causing the network's token to drop by 16%.
Approximately $8M worth of TAO, about 32,000 native Bittensor tokens, was stolen, causing a 17% decline in the token's value.
The Bittensor blockchain team detected an attack on several user wallets, temporarily halting the system. Unfortunately, one wallet was drained of $8 million worth of the project's TAO tokens.
Decentralized AI project TAO of Bittensor ceased the operation of its blockchain network after a breach affected several users' wallets. Following this, on-chain analyst ZachXBT was reporting thefts likely to have occurred due to leaked private keys.
The blockchain was paused early Wednesday to contain the exploit, with security researchers suspecting a private key leakage.
Bittensor developers have temporarily suspended its blockchain network following a suspected security exploit involving users' wallets.
The incident underscores the vulnerability of decentralized AI networks to security breaches, potentially undermining trust and stability in such systems. The post AI network Bittensor token drops 15% as possible hack leads to chain halt appeared first on Crypto Briefing.
TAO, the altcoin that powers Bittensor's decentralized machine learning network, has witnessed a 29% price decline in the last month.
These three cryptos have massive upside potential for a multi-bagger recovery once the broader crypto market rebounds.
The cryptocurrency market is shaking traders as prices continue to trend lower. In response to new market dynamics, Celestia (TIA) and Bittensor (TAO) investors are rebalancing their portfolios by investing in WW3 Shiba (WW3S), the world's first SocialFi meme coin with a blockchain gaming twist.
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet's mantra of buying in doom and selling in boom.
Apples annual developer event led to a sharp decline in AI-linked cryptocurrencies, highlighting the intricate relationship between traditional technology and the crypto market. Apples ChatGPT Integration Sparks Decline in AI-Linked Cryptos, Highlighting Tech-Crypto Interplay Apples annual developer event on June 10, 2024, took a significant and unexpected turn for the crypto world.
An assessment of NEAR, RNDR, and TAO's price movements suggested that these assets may soon shed their most recent gains.
A widely followed crypto analyst believes one top-10 altcoin by market capitalization could soon hit new all-time highs (ATHs). Pseudonymous crypto trader Altcoin Sherpa tells his 216,700 followers on the social media platform X that BNB, the native token of the BNB Chain, continues to have a strong market structure.
The world of artificial intelligence (AI) is rapidly evolving, and the integration of blockchain technology is fueling a new wave of innovation known as AI tokens.
