TAO Token Dips 15% Amid Bittensor Security Breach

The post TAO Token Dips 15% Amid Bittensor Security Breach appeared first on Coinpedia Fintech News

Amidst reports of a possible security breach, the token associated with Bittensor has fallen fiercely as the native token, TAO, fell more than 15% in the past 24 hours, from $281 to $237. While developers investigate the situation, Bittensor co-founder has confirmed that the network has been temporarily suspended. The team is investigating what appears to have been an attack on several Bittensor wallets over the last 3 hours, as reported by a community moderator. In response, the network has fully halted transactions on chain as a precautionary measure.