SingularityNET wasn’t just “punctured” in terms of digital assets this time.
The attacker transferred approximately 8.72 million FET and illegally minted about 2.3 billion AGIX, NTX, WMTX, and CGV tokens, then cashed out around $2.29 million. Source: Wu Shuo. For the market, what truly hurts is the trust in cross-chain settlement, off-chain signatures, and minting permissions being broken—not just the loss shown on the books.
Next, even more worth watching is whether the project team will freeze the illegally issued tokens, how they will handle replacement eligibility, and whether the bridge-fund compensation plan is clearly defined. Unsold newly issued tokens may still create selling pressure; if there is no substantive resolution later, sentiment recovery for $FET and $AGIX will be slower. Would you rather first watch the progress on freezing, or first look at the replacement arrangements?
Figure 1: SingularityNET attacked and cashed out $2.29 million · Partial screenshot of the source page
Image source: https://www.wublock123.com/articles/singularitynet-exploit-23b-tokens-minted-attacker-cashed-out-229k-59580
The attacker transferred approximately 8.72 million FET and illegally minted about 2.3 billion AGIX, NTX, WMTX, and CGV tokens, then cashed out around $2.29 million. Source: Wu Shuo. For the market, what truly hurts is the trust in cross-chain settlement, off-chain signatures, and minting permissions being broken—not just the loss shown on the books.
Next, even more worth watching is whether the project team will freeze the illegally issued tokens, how they will handle replacement eligibility, and whether the bridge-fund compensation plan is clearly defined. Unsold newly issued tokens may still create selling pressure; if there is no substantive resolution later, sentiment recovery for $FET and $AGIX will be slower. Would you rather first watch the progress on freezing, or first look at the replacement arrangements?
Figure 1: SingularityNET attacked and cashed out $2.29 million · Partial screenshot of the source page
Image source: https://www.wublock123.com/articles/singularitynet-exploit-23b-tokens-minted-attacker-cashed-out-229k-59580
