Wallet links $1.55 million FET theft to unauthorized minting of 408.5 million NTX
A coordinated attack on September 19 drained 8.7 million FET from the SingularityNET Ethereum-side bridge contract, valued at approximately $1.55 million. Forensic analysis by Athena revealed that a compromised backend authorization key allowed the attacker to bypass transaction limits. Shortly after, the same wallet address was used to mint 408.5 million NTX using a stolen NuNet minter key. Fetch.ai has suspended its Ethereum-side bridge and AGIX-to-FET conversion services as a precautionary measure, noting that the breach affected SingularityNET infrastructure rather than Fetch.ai's own contracts.
Summaries are written by AI from the original article. Not investment advice.