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
HYPE Trader Targets $50 After Fresh Entry Setup at $37 Range

Dogecoin Holds Above $0.1973 Support as Weekly Triangle Pattern Persists

Sui Consolidates Near $2.74 Amid Tight Support and Resistance Range
Reputed Analyst Reveals His Latest Buy Orders on BTC, Starting With Opening Longs at $110,500

Trending news
MoreCrypto prices
More








