Fetch.ai Suffers $2M Exploit via Ethereum Converter

Fetch.ai has reported a significant security breach, resulting in the loss of approximately $2 million in FET tokens. The exploit was identified by the security firm Blockaid, which detected an ongoing attack on the Fetch.ai Ethereum converter.

The attacker exploited a signature to drain FET inventory and minted unauthorized NTX tokens from the NuNet deployer. The incident is still unfolding, with Blockaid providing real-time alerts on the situation.