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[ZachXBT Tracks 2024 Bittensor Hack, Identifies Suspect and Earns White Hat Bounty] Blockchain analyst ZachXBT recently disclosed the findings of his investigation into the 2024 Bittensor (TAO) hack. The incident resulted in losses exceeding $28 million for 32 TAO holders. ZachXBT successfully traced the stolen funds by analyzing on-chain transaction trails, Railgun privacy protocol fund flows, Avalanche bridging records, and unusual NFT wash trading activities (such as purchasing anime NFTs at prices far above the floor price). He was able to link the stolen funds to an address associated with a former employee. Through this investigation, ZachXBT earned a white hat bounty, further highlighting the importance of blockchain analysis in combating cybercrime.

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