Fetch.ai halts bridge and AGIX-FET conversions after SingularityNET exploit
- —The exploit hit the SingularityNET Bridge between Ethereum and Cardano
- —Fetch.ai contracts were unaffected and FET operations continue normally
- —AGIX-FET conversions and the Fetch.ai Ethereum bridge were suspended
- —The investigation continues jointly with the SingularityNET team
Why it matters: Another cross-chain bridge exploit underscores their vulnerability, and FET and AGIX could face pressure until conversions resume.
Source: The Cryptonomist (IT)