Hacker Exploits Vulnerability in SingularityNET Bridge, Issues Hundreds of Millions in Unauthorized Tokens

An investigation by analysts has linked a series of attacks on Fetch.ai, NuNet, and SingularityNET to a single hacker.

The hacker began their attack on September 19, withdrawing 8.7 million FET tokens worth approximately $1.53 million from the Fetch.ai conversion contract.

About half an hour later, the attacker issued 408.5 million new NTX tokens via a NuNet account.

Preliminary analysis suggests that the hacker used a valid signature to withdraw FET, exploiting a vulnerability in the conversionIn() function.

The attack continued on September 20, with the hacker issuing 260 million AGIX and 53.838 million WMTx through SingularityNET's Ethereum infrastructure.