Bittensor’s TAO Slides 15% After $8M Wallet Drain Attack

Meanwhile, independent security researcher @ZachXBT said on his Telegram channel that one user was drained of 32,000 TAO, worth $8 million at the time, and suspected a private key leakage that led to the attack. A private key is a string of letters and numbers that acts as a password to protect and manage tokens in a wallet.