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.

Follow us on X to get the latest news as it happens 🚨SlowMist TI Alert🚨💸 @Fetch_ai Loss: ~$2M🔍 Root Cause: TokenConversionManagerV3's conversionIn() leaves single-EOA ECDSA signature as the sole authorization check.