ASI Alliance confirms $1.56M exploit in FET migration infrastructure
- —About 8.7 million FET worth $1.56 million were withdrawn from the converter
- —PeckShield linked the attack to the issuance of 408.5 million NTX by the same wallet
- —NTX plunged over 70%, while FET lost 5–8%
- —Fetch.ai suspended AGIX-to-FET conversions and the Ethereum bridge
Why it matters: The attack on ASI Alliance's migration infrastructure undermines trust in token bridges and converters, and a full report on the causes has not yet been published.
Source: UseTheBitcoin