Odaily Planet Daily reported that "on-chain detective" ZachXBT published an article on the X platform, revealing that he successfully identified a suspect through his investigation into the Bittensor ($TAO) theft incident that occurred in 2024 and received a bounty for his white hat behavior.

Reports indicate that between May and July of this year, 32 TAO holders experienced unauthorized transfers exceeding $28 million, leading to the suspension of the Bittensor network on July 2nd. An investigation revealed that the attackers carried out the theft via a malicious PyPi supply chain attack. The stolen funds were then transferred to Ethereum via Bittensor's native bridge. Approximately $4.94 million was transferred between multiple addresses to the privacy protocol Railgun, ultimately converting them to Monero (XMR). ZachXBT uncovered the theft route by linking on-chain transaction traces, Railgun privacy protocol flows, Avalanche bridge records, and unusual NFT wash sales (such as the purchase of anime NFTs at prices significantly above the floor price) to the address of a former employee.