Hacker nets $2.25M in attacks on Fetch.ai, NuNet and SingularityNET

A hacker attacked Fetch.ai, NuNet and SingularityNET, three projects in the Artificial Superintelligence Alliance ecosystem, generating about $2.25 million in realized profits. The hacker first drained 8.7 million FET tokens from Fetch.ai's bridge and minted 400 million NTX tokens belonging to NuNet. Hours later, the SingularityNET bridge was exploited, and the hacker minted 900 million AGIX tokens, along with 500 million each of World Mobile Chain's WMTx and Cogito's CGV tokens. The FET tokens were sold for 523 ETH, worth approximately $1.2 million, producing most of the gains. Sales of the four remaining tokens generated 183 ETH, or $420,000. The 500 million CGV tokens generated only $30 because of extremely thin liquidity. Bitquery reported that the nominal value of the minted tokens was several times higher at the time of the theft. PeckShield, which flagged the third incident, estimated the attacker's unrealized profits at almost $17 million. The freshly minted tokens made up considerable portions of the affected supplies, and their prices collapsed. The sale of genuine FET tokens resulted in a 5% drop. Bitquery also highlighted a preliminary sweep of ETH and BNB from 16 wallets. Four of those wallets had previously been labelled by Bitquery as SingularityNET or NuNet staff wallets, indicating possible widespread penetration of the interconnected companies' infrastructure. A payroll contract was later drained of $289,575 in USDC. The report warned that most signing keys had not been changed.