AI Crypto Projects Hit by $2 Million Heist on September 19
A recent attack on two AI-focused crypto projects has left both Fetch.ai and NuNet reeling, with combined losses estimated at over $2 million.
The attacker first struck Fetch.ai, draining approximately 8.7 million FET tokens worth around $1.53 million from a token converter contract.
Further investigation revealed that the same wallet used to steal these funds was then used to mint 408.5 million unauthorized NTX tokens, valued at roughly $463,000, directly through NuNet's deployer account.
Token prices took a hit, with NuNet's NTX token plummeting as much as 65-70% following the exploit, while FET dropped around 10%.
Security researchers are warning users to exercise caution until the teams confirm what happened and whether their platforms are safe to use again.