A hacker exploited a vulnerability within the Hyperbridge gateway smart contract, using a fabricated message to gain administrative privileges over the bridged DOT contract on Ethereum, triggering a transaction that generated 1 billion unauthorized tokens.
Covenant AI's exit from Bittensor was prompted by allegations that co-founder Jacob Steeves maintained centralized control, contradicting the project's decentralized mission. The fallout from this departure saw TAO plummet nearly 25% in just six hours, erasing over $650 million in market capitalization.
Operation Atlantic is a joint initiative led by the US Secret Service, the UK National Crime Agency, the Ontario Provincial Police, and the Ontario Securities Commission, working with private-sector partners, to identify and contact potential victims and help them recover stolen funds.
The internal platform at the center of the investigation was luckyguys.site, also referred to internally as WebMsg. It functioned as a Discord-style messenger, allowing DPRK IT workers to report payments to their handlers.
