7 hours ago

Same exploiter linked to Fetch.ai and NuNet attacks as NTX hits low

Fetch.ai and NuNet Exploited for $2 Million by Same Attacker, NTX Hits All-Time Low

Beincrypto

Blockaid said on September 20 that an exploiter drained about $1.56 million worth of FET from a Fetch.ai token converter on Ethereum. The attacker reportedly used a valid conversion-authorizer signature to call the conversionIn function on TokenConversionManagerV3, releasing the converter's remaining FET inventory. Blockaid identified the exploiter wallet as 0x1572...c362. According to Blockaid, the Fetch.ai loot wallet also received a large NTX mint from the NuNet deployer account, which it estimated at roughly $452,000. The combined activity across the wallet cluster reached approximately $2.01 million. PeckShieldAlert said the exploiter later swapped the stolen funds for 546.36 ETH, worth roughly $1.44 million at the time of reporting. NTX reached an all-time low of $0.000328 on September 20 and traded near $0.0004 at press time, down more than 70% over 24 hours. FET fell about 5% over the same period. The broader market also sold off, with most major assets in the red and total crypto market capitalization down 4%. Earlier in September, Starknet lending protocol Nostra lost $3.5 million to a manipulated oracle three days before the report. DefiLlama had recorded roughly $331 million in losses across 17 incidents that month before the Fetch.ai drain, including most of the $320 million Liquid Network incident. The Fetch.ai and NuNet events pushed the monthly total past $333 million. BeInCrypto said it had contacted Fetch.ai and NuNet for comment.

This content is an AI-generated summary/analysis for informational purposes only and does not constitute investment advice.