Fetch.AI, NuNet and SingularityNET targeted in $17M token attack

A coordinated exploit ripped through three interconnected AI-crypto projects on September 19, netting an attacker roughly $17 million in unrealized gains and sending token prices into freefall. The breach hit Fetch.ai, SingularityNET, and NuNet, all members of the Artificial Superintelligence Alliance (ASI) ecosystem, through what appears to be a single compromised set of privileged signing keys. The attacker’s strategy was methodical: drain real tokens first, then mint fake ones at scale. Approximately 8.72 million FET tokens were siphoned from Fetch.ai’s TokenConversionManagerV3 contract using what security analysts identified as a valid signature call. How the attack unfolded After emptying the Fetch.ai contract, the attacker pivoted to NuNet. Using a compromised deployer account, they minted around 408.5 million unauthorized NTX tokens. The minting spree didn’t stop there. Hundreds of millions of additional AGIX and WMTx tokens followed shortly after, bringing the total volume of newly created tokens to roughly 2.3 billion across multiple assets including AGIX, NTX, CGV, and WMTx. Realized profits from actual token sales landed between $2 million and $2.25 million, mostly from ...