ZachXBT reveals details of its investigation into the 2024 Bittensor hack: identifying suspects through NFT wash sales and earning a white hat bounty.
on-chain detective ZachXBT successfully tracked down the suspect of the 2024 Bittensor hacker attack by tracing anime NFT money laundering transactions, and as a result received a white hat bounty. Between May and July of this year, 32 $TAO holders experienced unauthorized transfers totaling over $28 million, leading to the suspension of the Bittensor network on July 2nd.
Investigations show that the attacker carried out the theft through a malicious PyPi supply chain attack, then transferred the stolen funds through Bittensor's native bridge to Ethereum, and transferred approximately $4.94 million between multiple addresses to the privacy protocol Railgun, ultimately converting it to Monero.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Estimates show U.S. jobless claims fell to around 215,000 last week
Ethereum Price Slides Below $4,000 Support As Sellers Tighten Their Grip

Bitcoin falls below $110,000, whose wallet is losing money again?
Market sentiment has fallen into extreme fear.

21Shares Files with SEC for 2x Leveraged HYPE ETF Tracking Hyperliquid Index Performance

Trending news
MoreCrypto prices
More








