PANews reported on October 15th that ZachXBT disclosed that its investigation into the 2024 Bittensor ($TAO) theft incident led to the successful identification of a suspect and a white hat bounty award. The case resulted in over $28 million being stolen from 32 TAO holders. ZachXBT uncovered the theft by tracing on-chain transaction traces, Railgun privacy protocol flows, Avalanche bridge records, and unusual NFT wash sales (such as the purchase of anime NFTs at prices far above the floor price) back to the address of a former employee.
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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