Fetch.ai and NuNet hit in exploit; losses estimated near $2 million
AI Market Summary
On-chain monitoring indicates a single attacker drained ~8.7M FET from Fetch.ai (~$1.53M) and illicitly minted ~408.5M NTX on NuNet (~$462.7k), later swapping part into ~546.36 ETH. The incident highlights smart-contract and token-minting risk, likely pressuring affected tokens via reduced confidence and potential forced selling, while also increasing scrutiny of related ecosystems and liquidity venues.
Impact level
● Medium
Affected assets
FET/USDT-4.26%
AI Insight · FET/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Security firm PeckShield reported activity pointing to a single attacker targeting both Fetch.ai and NuNet. The wallet moved roughly 8.7 million FET from Fetch.ai, worth about $1.53 million, and also illicitly minted around 408.5 million NTX on NuNet, valued at approximately $462,700. Following the incident, NTX fell about 65%. PeckShield added that the attacker has already swapped part of the assets for roughly 546.36 ETH, estimated at around $1.44 million.
