Fetch.ai Network Hit by $2M Hack, NTX Token Value Crashes 95%

The Fetch.ai network has been exploited, resulting in a loss of $2 million. The hack led to a significant price drop for the NTX token, with its value crashing by 95%.

The exploit occurred when an attacker took advantage of a vulnerability in the Fetch.ai protocol, allowing them to drain funds from the network. This incident highlights the importance of robust security measures in cryptocurrency networks.

Fetch.ai has not yet commented on the specifics of the hack or how it plans to mitigate its effects.