Fetch.ai and NuNet Exploited for $2 Million by Same Attacker, NTX Hits All-Time Low
The identical exploiter was linked to assaults involving Fetch.ai (FET) and NuNet (NTX), with roughly $2 million in property concerned.
Security companies tied each occasions to the identical pockets. NuNet’s token misplaced greater than 70% of its worth and touched an all-time low on September 20.
How One Attacker Reached Two Protocols
Blockaid said on September 20 that an exploiter drained about $1.56 million price of FET from a Fetch.ai token converter on Ethereum. The attacker reportedly used a legitimate conversion-authorizer signature to name the conversionIn operate on TokenConversionManagerV3.
That single name launched the converter’s remaining FET stock. The safety agency recognized the exploiter pockets as 0x1572…c362.
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According to Blockaid, the Fetch.ai loot pockets additionally obtained a big NTX mint from the NuNet deployer account. It estimated the worth of the NTX mint at roughly $452,000.
The mixed exercise throughout the pockets cluster has reached roughly $2.01 million. PeckShieldAlert added that the exploiter has since swapped the stolen funds for 546.36 ETH, price roughly $1.44 million on the time of reporting.
NuNet Token Sinks to a Record Low
The reported exploit has put stress on NuNet’s NTX token. The token hit an all-time low at $0.000328 at this time. NTX modified arms close to $0.0004 at press time, down greater than 70% over 24 hours.
FET fell about 5% over the identical interval, a much smaller transfer than NuNet’s. That decline got here as the broader market offered off, with most main property within the crimson and complete crypto market capitalization down 4%.
September has been costly for the sector. Starknet lending protocol Nostra misplaced $3.5 million to a manipulated oracle three days in the past.
DefiLlama had logged roughly $331 million in losses throughout 17 incidents this month earlier than the Fetch.ai drain, most of it from the $320 million Liquid Network incident. Fetch.ai and NuNet now push the month previous $333 million.
BeInCrypto has reached out to Fetch.ai and NuNet for remark.
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