PANews reported on March 15 that the AI project NetMind announced through a tweet that the team is closely following the latest developments that led to the large-scale sell-off of NMT tokens and is taking active measures to deal with it. Preliminary investigation revealed that the incident appeared to be related to a vulnerability or hack involving early miners, resulting in approximately 440,000 NMTs being illegally acquired. Despite this, NetMind emphasizes that the platform itself has not been hacked or malfunctioned. The team promised to provide more details at a later date.

According to official sources, NetMind.AI said that its team has found a large-scale sell-off of NMT in the market and is actively taking mitigation measures. More details will be shared soon, and there is currently no long-term risk, with initial indications that this is related to an early miner-related vulnerability/hack that mined 440,000 NMT, and that the NetMind platform itself has not been affected by any hacks or glitches.

Golden Finance reports that NetMind.ai has launched a free beta version of the decentralized machine learning platform NetMind Power. NetMind Powe allows machine learning experts, researchers and software developers to train, fine-tune and infer deep learning models. The platform is built around the concept of Volunteer Computing, a globally distributed network of user-contributed GPUs connected on the blockchain to provide a decentralized network of computing power.