🚨 SingularityNET Exploit: Unauthorized Token Minting
A hacker reportedly exploited a vulnerability in a SingularityNET bridge contract, minting 260 million $AGIX and 53.838 million $WMTX on Ethereum without authorization.
💰 Estimated losses: ~$2.01 million, with most of the stolen value reportedly involving FET taken from Fetch.ai’s token converter.
The incident highlights the risks surrounding cross-chain bridge security.
A hacker reportedly exploited a vulnerability in a SingularityNET bridge contract, minting 260 million $AGIX and 53.838 million $WMTX on Ethereum without authorization.
💰 Estimated losses: ~$2.01 million, with most of the stolen value reportedly involving FET taken from Fetch.ai’s token converter.
The incident highlights the risks surrounding cross-chain bridge security.