SingularityNET Bridge Attack Results in Massive Unauthorized Token Mint

A recent attack on SingularityNET's bridge infrastructure has led to the unauthorized minting of approximately 2.3 billion tokens across four assets.

The attacker exploited compromised signing and minting privileges within part of SingularityNET’s cloud infrastructure, releasing 8,721,530.40 Fetch.ai (FET) tokens on September 19.

The released FET was exchanged for 522.78 Ether (ETH), with the two principal attacker wallets receiving around 742.7 ETH equivalent and $362,075 in stablecoins by September 22.

The attacker minted an additional 2.3 billion tokens across four assets: NuNet (NTX), SingularityNET (AGIX), World Mobile (WMTX), and Cogito (CGV).