Artificial Superintelligence Alliance, or ASI Alliance, said it has confirmed an attack targeting the infrastructure tied to the FET token migration and its cross-chain architecture. The group said other tokens within the related infrastructure were also affected and that its team is working with security partners on the response.
According to the statement, the attacker extracted about $1.56 million worth of FET from a token conversion contract. ASI Alliance said its treasury wallets and exchange wallets were not affected. It also said FET held in self-custody wallets or on exchanges remains unaffected, and token holders do not need to take any action at this stage.
The alliance added that a full incident report will be released after the investigation is complete. Foresight News noted that ASI Alliance was formed in 2024 through the merger of Fetch.ai, SingularityNET, and CUDOS. The circulating token still uses Fetch.ai’s original ticker, FET. A previously planned second phase to change the ticker to ASI was put on hold because it would have involved exchange delistings and relistings, affected perpetual contracts, and caused the loss of historical market data.
Artificial Superintelligence Alliance, or ASI Alliance, said in a post on X that it has confirmed an attack on the infrastructure used for the FET token migration and its cross-chain architecture. The group said other tokens within the related infrastructure were also affected. It added that the team has responded and is working with security partners on containment and handling.
According to ASI Alliance, the attacker extracted about $1.56 million worth of FET from a token conversion contract. The alliance said its treasury wallets and exchange wallets were not affected. It also said FET held in self-custody wallets or on exchanges is unaffected, and holders do not need to take any action.
ASI Alliance said it will publish a full incident report once the investigation is complete.
Ticker change plan had already been put on hold
Foresight News noted that ASI Alliance was formed in 2024 through the merger of Fetch.ai, SingularityNET, and CUDOS. The circulating token continues to use Fetch.ai’s original ticker, FET. Under the original plan, the second phase would have changed the token ticker to ASI, but that plan was put on hold because it would have required exchange delistings and relistings, affected perpetual contracts, and led to the loss of historical market data.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
