How Criminals Used Anime NFTs To Launder $28 Million Bittensor Hack
Cryptocurrency investigator ZachXBT has uncovered a sophisticated money laundering scheme involving anime NFTs linked to the $28 million Bittensor hack of 2024. The hackers allegedly spent over $100,000 on wash trading NFTs to obscure the trail of stolen funds, complicating forensic efforts.
Bittensor, a decentralized AI development platform, has been recovering from the breach, but the perpetrators remained elusive due to their innovative laundering techniques. The case raises questions about emerging vulnerabilities in crypto crime detection as bad actors evolve their methods beyond traditional mixers like Railgun.
Notably, the investigation suggests potential involvement by a former Opentensor engineer, though ZachXBT maintains cautious uncertainty about this connection. The whitehat researcher earned a bounty for identifying these NFT-linked transactions.
