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Bittensor Blockchain Halted for 24 Hours After $TAO Validator Hacks, Price Drops 15%

Jul 3, 2024, 12:43 AM

The Bittensor blockchain, associated with the cryptocurrency $TAO, has been halted following a series of security breaches. Multiple $TAO validators were reportedly hacked, leading to the suspension of on-chain transactions. The Tao Foundation is investigating the attacks, which have caused significant disruption within the community. Rumors and strange transactions have been reported, but nothing definitive has been confirmed in the Discord. The price of $TAO has dropped by 15% as a result of the security concerns. The network has been suspended for 24 hours.