On-chain detective reveals new clues in the $28 million Bittensor hacker case.

ChainCatcher news, well-known on-chain detective ZachXBT successfully identified a suspect in the 2024 Bittensor hacker attack by tracking anime NFT money laundering transactions, and earned a white hat bounty as a result. Between May and July this year, 32 holders of $TAO suffered unauthorized transfers exceeding 28 million dollars, leading to the suspension of the Bittensor network on July 2. The investigation revealed that the attacker implemented the theft through a malicious PyPi supply chain attack, subsequently bridging the stolen funds to Ethereum via Bittensor's native bridge, and transferred approximately 4.94 million dollars to the privacy protocol Railgun across multiple addresses, ultimately exchanging it for Monero (XMR).