Fetch.ai said on Sept. 20 that it has published an on-chain analysis report on its recent exploit incident, tracing the attack from a compromised signing key through to the wallet addresses allegedly used by the attacker to cash out funds. The project said the report is not its final analysis and that the investigation is still ongoing.
Fetch.ai also said it worked with SingularityNET to disable the affected wallets and contracts tied to the incident. The team added that more updates will be released as the investigation progresses.
The disclosure follows earlier reports that a hacker targeted both Fetch.ai and NuNet, causing combined crypto losses of about $2 million. In Fetch.ai’s case, 8.7 million FET, worth about $1.53 million, was transferred out. At NuNet, 408.5 million NTX was minted, with an estimated value of about $462,700.
Fetch.ai said on Sept. 20 that it has released an on-chain analysis report on its recent exploit incident.
According to the project, the report traces the full path of the attack, starting from a compromised signing key and following the movement of funds to wallet addresses used by the attacker to cash out. Fetch.ai said the material published so far does not represent its final analysis.
The team also said it has worked with SingularityNET to disable the affected wallets and contracts. The investigation remains ongoing, and Fetch.ai said more updates will be disclosed later.
Earlier reports said a hacker attacked both Fetch.ai and NuNet, causing combined crypto losses of about $2 million. At Fetch.ai, 8.7 million FET, worth about $1.53 million, was moved out. At NuNet, 408.5 million NTX was minted, with an estimated value of about $462,700.
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.
