Bittensor: Investigating the theft of the wallet, suspending on-chain transactions for 24 hours

BlockBeats news, on July 3, Bittensor officials responded to the theft of the on-chain wallet in the Discord community, "We are investigating and have recently been very cautious to completely stop transactions on the chain until we have more information about the nature of the attack. The chain is now in safe mode for at least 24 hours. During the investigation of the root cause of this attack, all transactions (including transfers) have been suspended. We will not release any regular software updates for Bittensor software or any chain updates on the mainnet or testnet until we fully restore the chain online."

As previously reported, Bittensor (TAO) fell more than 15% in a short period of time due to the theft of the on-chain wallet, and is now quoted at US$236