On July 3, Bittensor had to halt its network operations following a series of wallet drains that resulted in the theft of at least $8 million worth of digital assets. Ala Shaabana, Bittensor’s co-founder, announced the network outage on the same day in a post on X, stating: “By way of an update, we have contained the attack and put the chain into safe mode (blocks producing but no transactions are permitted). “We’re still mid-investigation and are considering all possibilities.” Hacks and exploits continue to be a major concern in the crypto space, hindering its widespread adoption. Over the past
