Fetch.ai and NuNet Hit by Same Exploit, Losses Near $2 Million
AI Market Summary
PeckShield reports the same attacker exploited Fetch.ai and NuNet, draining ~8.7M FET (~$1.53M) and minting ~408.5M NTX (~$0.46M), with proceeds consolidated into 546.36 ETH (~$1.44M). The event highlights smart-contract and token-minting risk, potentially pressuring affected tokens via confidence shocks, forced selling, and heightened scrutiny. NTX's ~65% drop signals acute idiosyncratic stress.
Impact level
● Medium
Affected assets
FET/USDT-4.21%
AI Insight · FET/USDTAI Insight
▼ Bearish
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HuoXing Finance reported on Sept. 20 that blockchain security firm PeckShield detected a single attacker exploiting both Fetch.ai and NuNet, leading to roughly $2 million in crypto losses. PeckShield data show 8.7 million FET tokens—worth about $1.53 million—were drained from Fetch.ai, while 408.5 million NTX tokens—worth about $462,700—were minted from NuNet. NuNet's NTX token has since fallen about 65%. The attacker has so far converted the proceeds into 546.36 ETH, valued at approximately $1.44 million.
