SingularityNET Bridge Exploit Triggers $1.56 Million FET Withdrawal

The Artificial Superintelligence Alliance reported an unauthorized withdrawal worth about $1.56 million in FET, stating that the funds came from the converter connected to the migration system.

Fetch.ai said its contracts remain unaffected by the exploit, which targeted SingularityNET bridge infrastructure and mainly affected the Ethereum-Cardano bridge.

The alliance paused AGIX-to-FET conversions while teams review the bridge and related migration contracts. FET trades near $0.1773, with chart support at $0.1697 and major resistance near $0.1905.