One compromised device. Billions at risk. That's the reality of Web3 security.
About SN104 TAOstatus
TAOstatus@taostatus_aiOne compromised device. Billions at risk. That's the reality of Web3 security. Even the biggest players aren't immune. Operational security is no longer optional; it's essential. We're on a mission to change that. A major new update is coming, designed to minimize vulnerabilities, strengthen security, and make Web3 safer for everyone. Stay tuned. We're building security for what comes next.
Quoting @binance
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recov
SN104 TAOstatus at a glance
SN104, TAOstatus (α token Բ), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.004021 τ (≈ $0.93), against 5,837 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 48.53% APR (simple) and 62.46% APY (compounded), emissions add 0.000269 τ to the pool each block, epochs run every 360 blocks. It was registered at block #5,528,520.
Taosis newsletters
Taosis News: the week’s articles from the subnet teams, the press and community newsletters, every Friday. Taosis Weekly: the week’s movers, best yields and chain events, with dollar values, every Monday. Past issues
More from SN104 TAOstatus
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.