Press Enter to search · ESC to close

Crypto DeFi

Hacker Mints 313M AGIX and WMTX Tokens via SingularityNET Exploit

The attacker behind the earlier Fetch.ai and NuNet exploits minted 260 million AGIX and 53.838 million WMTX without authorization on Ethereum by exploiting a SingularityNET vulnerability. The hacker now holds roughly $16.77 million in crypto assets, including 198.3 million AGIX worth about $14.42 million, 649 ETH worth about $1.67 million, and 33.538 million WMTX worth about $627,400.

Original source

AI take

This attack extends a pattern of exploits across the Fetch.ai ecosystem, now hitting SingularityNET and World Mobile Token, which suggests shared infrastructure or bridge vulnerabilities rather than isolated coding errors. The concentration of illicitly minted AGIX in one wallet creates a visible overhang that could test liquidity and market confidence in these tokens. The open question is whether the affected projects can coordinate a burn, freeze, or exchange-level response before the attacker moves the assets, and whether this triggers broader scrutiny of cross-project token minting permissions.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback