ZachXBT reveals details of its investigation into the 2024 Bittensor hack: identifying suspects through NFT wash sales and earning a white hat bounty.

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Cointime2025/10/15 14:54

By:Cointime

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.

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MarsBit•2025/10/15 23:13