Fetch.ai, NuNet, and SingularityNET suffer triple attack, hacker nets $2.25M with unrealized profits up to $17M
A hacker exploited the Fetch.ai bridge, stealing 8.7 million FET tokens and minting 400 million NuNet (NTX) tokens. Hours later, the SingularityNET bridge was attacked, leading to the unauthorized minting of 900 million AGIX, 500 million WMTx, and 500 million CGV tokens. The attacker realized $2.25 million in profits, primarily from selling FET tokens, which caused a 5% price drop. Blockchain security auditor Peckshield estimates the attacker's unrealized profits at nearly $17 million. A Bitquery report indicates that ETH and BNB were also drained from 16 wallets, including some identified as staff wallets, and $289,575 in USDC was stolen from a payroll contract. Most signing keys remain unchanged.
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Source:Protos · Source Link
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