In a post-mortem, the Opentensor Foundation said the attack on Bittensor user wallets was traced back to a malicious package upload.
The Opentensor Foundation , the organization behind the decentralized AI project Bittensor, has identified the root cause of an $8 million security exploit on Bittensor wallets, attributing it to a malicious package upload in a post-mortem report.
The Bittensor PyPI package is a Python library that enables interaction with the Bittensor network. However, masquerading as a legitimate Bittensor package, the malicious version contained code designed to steal private keys, the foundation said. When users downloaded the package and decrypted their keys, the information was sent to a remote server controlled by the attacker, allowing them to steal funds from the victims.
After completing the code review, the OTF said the Bittensor blockchain will gradually resume normal operations, enabling users to make transactions again. According to a Bittensor block explorer, the last transaction was finalized around 35 hours ago. The OTF said it would provide another update within 24 hours and would be enhancing its verification process, audit frequency, security standards and monitoring procedures in the future.Bittensor core developers halted the blockchain network following the suspected security exploit, first noted by onchain analyst ZachXBT.
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