Bittensor Wallet Hack: Private Key Leak Was the Culprit

IconCryptoNewsTerminal Staff02 Jul, 2024

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Bittensor Wallet Hack: Private Key Leak Was the Culprit

Blockchain security expert ZachXBT took to Telegram to report that the recent Bittensor (TAO) wallet hack was the result of a private key leak. As U.Today previously reported, the Bittensor Foundation initiated an investigation after receiving numerous reports of unauthorized wallet access over several hours. The foundation took the precautionary measure of temporarily halting on-chain transactions. The incident serves as a reminder of the importance of safeguarding private keys, which are essential for accessing and managing crypto assets. Users are strongly advised to exercise caution when storing and sharing their private keys, and to consider utilizing hardware wallets or other secure storage solutions.

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