Fetch.ai and NuNet Exploited for $2 Million by Same Attacker, NTX Hits All-Time Low

The same exploiter was linked to attacks involving Fetch.ai (FET) and NuNet (NTX), with roughly $2 million in assets involved.

Security firms tied both events to the same wallet. NuNet’s token lost more than 70% of its value 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 worth of FET from a Fetch.ai token converter on Ethereum. The attacker reportedly used a valid conversion-authorizer signature to call the conversionIn function on TokenConversionManagerV3. 

That single call released the converter’s remaining FET inventory. The security firm identified the exploiter wallet as 0x1572…c362.

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According to Blockaid, the Fetch.ai loot wallet also received a large NTX mint from the NuNet deployer account. It estimated the value of the NTX mint at roughly $452,000.

The combined activity across the wallet cluster has reached approximately $2.01 million. PeckShieldAlert added that the exploiter has since swapped the stolen funds for 546.36 ETH, worth roughly $1.44 million at the time of reporting.

NuNet Token Sinks to a Record Low

The reported exploit has put pressure on NuNet’s NTX token. The token hit an all-time low at $0.000328 today. NTX changed hands near $0.0004 at press time, down more than 70% over 24 hours. 

FET fell about 5% over the same period, a far smaller move than NuNet’s. That decline came as the wider market sold off, with most major assets in the red and total crypto market capitalization down 4%.

September has been expensive for the sector. Starknet lending protocol Nostra lost $3.5 million to a manipulated oracle three days ago. 

DefiLlama had logged roughly $331 million in losses across 17 incidents this month before the Fetch.ai drain, most of it from the $320 million Liquid Network incident. Fetch.ai and NuNet now push the month past $333 million.

BeInCrypto has reached out to Fetch.ai and NuNet for comment. 

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The post Fetch.ai and NuNet Exploited for $2 Million by Same Attacker, NTX Hits All-Time Low appeared first on BeInCrypto.

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