Bittensor halts network after reported security attack on wallets: ZachXBT

Quick Take

  • Bittensor developers halted the blockchain following a suspected security exploit that targeted several wallets, first noted by ZachXBT.
  • A community Discord administrator stated that transactions have been paused to allow the team to investigate.

The developers at the purported decentralized AI project Bittensor have temporarily suspended its blockchain network following a suspected security exploit involving users’ wallets.

Reports of an unusual attack on Bittensor wallets emerged in recent hours — leading to a deliberate network halt by the core developers. Bittensor’s block explorer shows that the last block was confirmed about three hours ago.

On-chain analyst ZachXBT first noted that the announcement stated potential thefts may be linked to leaked private keys. “Bittensor was halted due to additional thefts earlier today potentially as a result of private key leakage,” he explained in a Telegram update.

A Bittensor community Discord administrator, const [т, т], notified that all transactions have been paused to prevent further unauthorized access while the team conducts an investigation. “We are investigating what appears to have been an attack on a number of Bittensor wallets over the last 3 hours,” the administrator stated. “We are investigating, and in an abundance of caution, have recently fully halted transactions on-chain until there is more information available to us about the nature of this attack.”

According to ZachXBT, $8 million worth of TAO — approximately 32,000 native Bittensor (TAO) tokens — was stolen today, which likely prompted the foundation’s decision to secure the network against further incidents.

The TAO Foundation has yet to provide a detailed statement on the thefts as the investigation unfolds.

This incident has contributed to a 15% decline in the native TAO token. It’s currently changing hands at $231, with a market capitalization of $1.6 billion, according to The Block's price page.

This is a developing story.


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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

AUTHOR

Vishal Chawla is The Block’s Crypto Ecosystems Editor and has spent over eight years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal can be reached on Twitter at @vishal4c and via email at [email protected]

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To contact the editor of this story: Timmy Shen at [email protected]

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