Crypto
SingularityNET Bridge Hacked: Fetch.ai Pauses Conversions Amid $1.6M Heist
An attacker compromised the SingularityNET bridge between Ethereum and Cardano, draining approximately $1.56 million in FET tokens from the conversion contract.
The hacker also minted unauthorized tokens linked to SingularityNET's infrastructure, amassing over $16 million in assets through illicit means.
Fresh.ai took swift action, pausing AGIX-to-FET conversions and freezing the migration contract to prevent manipulated funds from being converted into FET on secondary markets.