August 2, 2026·Bearish·critical issue

Bittensor Subnet 24 Caught Shipping Fake 120B Model, Alpha Drops 75%

Bittensor's Subnet 24 was exposed for shipping a fake 120B parameter model, with the deception detected within 48 hours. The incident triggered a sharp market reaction, with alpha (the subnet's token) plunging as much as 75% intraday. While many view this as a fatal blow to Subnet 24, the swift detection underscores the network's verification mechanisms.

Detected & updated continuously · Source: Nebula

Mentioned

Bittensor (tao)

Sources

@2xnmore

A Bittensor subnet just shipped a fake 120B model and got caught in under 48 hours. Alpha fell as much as 75% intraday. Most people read that as the death of Subnet 24. It is the strongest proof of what $TAO is actually building. Quasar sold the dream of crushing the long https://t.co/xltYZIFO40