SUMMARY: This video gave a comprehensive breakdown of what is currently known about the collapse of Subnet 67 (Tenex) and why it appears to be an isolated failure rather than a flaw in Bittensor itself.
It highlighted several warning signs that were visible beforehand, including extreme $ALPHA concentration in a single wallet, an undoxxed team, reliance on a newly deployed smart contract, and unusually high APY (Annual Percentage Yield) that obscured underlying risk.
This analysis also explained how smart contract vulnerabilities and liquidity pool design likely enabled the exploit, while emphasizing that similar risks exist across crypto when trust, transparency, and incentives are misaligned.
The key takeaway is that subnet investing requires rigorous scrutiny of ownership distribution, team credibility, and risk sources, especially when returns appear unusually attractive.
By: TAO Templar
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