Attacker Linked to Fetch.ai, NuNet, and SingularityNET Attacks Causes $2 Million in Damage

Blockchain security company PeckShield has revealed that an attacker is linked to a series of attacks targeting Fetch.ai, NuNet, and SingularityNET projects. The attacker caused approximately $2 million in damage to Fetch.ai and NuNet, and enabled the unauthorized minting of hundreds of millions of tokens on SingularityNET.

According to PeckShield data, 8.7 million FET tokens worth around $1.53 million were seized in the Fetch.ai attack. On the NuNet side, it was reported that the attacker illegally minted 408.5 million NTX tokens, worth approximately $462,000.

The attacks had a devastating impact on the affected projects' token prices. NuNet's NTX token experienced a sharp drop of around 65%, while SingularityNET's AGIX token plummeted by over 99% in the last 24 hours.