According to @zachxbt, the Bittensor hacker deposited 4.9 million dollars of three assets into a privacy protocol, followed almost immediately by withdrawals of the same amount and assets to an on-chain address he states is linked to a former OTF Bittensor employee. Source: @zachxbt on X, Oct 16, 2025. He added that certain investigative details are withheld for law enforcement, indicating an active inquiry that could surface additional on-chain evidence. Source: @zachxbt on X, Oct 16, 2025. For trading, the alleged clustering and 4.9 million dollar movement are material datapoints for TAO pairs; monitor the identified address and privacy protocol outflows for signs of transfers toward exchanges and track TAO spot and perp volatility around any detected movements to inform risk management. Source: @zachxbt on X, Oct 16, 2025.

According to ZachXBT, he identified a suspect tied to the $28M Bittensor (TAO) hack from 2024 by tracing anime NFT wash trades linked to a former employee and received a whitehat bounty for the work. Source: ZachXBT on X, Oct 15, 2025. The thread details how wash-traded NFT activity was used to attribute wallet clusters and connect internal links related to the 2024 exploit. Source: ZachXBT on X, Oct 15, 2025. This marks a new attribution lead in the Bittensor TAO case that traders and risk teams can reference when tracking addresses associated with the incident. Source: ZachXBT on X, Oct 15, 2025.