Fetch.ai bridge exploit: 8.72M FET drained from TokenConversionManagerV3
- —A single conversionIn call in block 26,013,913 paid out 8,721,530 FET to the attacker's address
- —On September 20 the same address minted 260M AGIX, 408.53M NTX and 53.84M WMTx without authorisation
- —PeckShield put the attacker cluster's holdings at about $16.77 million; Bitquery counted 2.3 billion unauthorised units
- —Fetch.ai paused AGIX-to-FET conversion and the Ethereum bridge, with no date given for resuming
Why it matters: The exploit dilutes AGIX, NTX and WMTx holders' share of supply while the AGIX-to-FET conversion stays frozen with no reopening date.
Source: CryptoTicker