A TAO holder had $11.2M (28.2K TAO) stolen from them on June 1, 2024.

Theft address
5G9Dpkg34SG3is47MzAjBdmV5iosGt1EJypFHzMPokkbymRA
0x09f76d4fc3bce5bf28543f45c4cee9999e0a0aaf

The attacker bridged the stolen funds to Ethereum and has been transferring USDC/ETH to Whitebit, HTX, & Binance.

Update: Bittensor was halted as the result of additional thefts earlier today likely due to private key leakage

I'm genuinely concerned to hear about Bittensor being halted due to more thefts. It's a stark reminder of the importance of secure key management. Hoping the team can resolve this swiftly and strengthen their security measures to prevent future incidents.