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.
