Fetch.ai and NuNet Hit by Linked $2M Exploit as NTX Supply Is Illicitly Minted

PeckShieldAlert reported on September 19 that the same exploiter drained about 8.7 million FET, valued at $1.53 million, from Fetch.ai and illicitly minted roughly 408.5 million NTX worth $462,730 through NuNet. The affected assets totalled about $2 million, while the unauthorised NTX issuance was followed by a sharp decline in the token’s reported price.

Shared recipient links the FET transfer and NTX mint

Transaction records cited by OrangeX show 8.72 million FET transferred at 20:21:47 UTC on September 19. A mint of 408.53 million NTX followed at 20:50:11 UTC, around 28 minutes later.

Both movements reached the same recipient, providing the on-chain link between the Fetch.ai transfer and the NuNet token issuance. PeckShieldAlert’s figures round the amounts to approximately 8.7 million FET and 408.5 million NTX, respectively.

The reported values put the FET component at $1.53 million and the minted NTX at $462,730 at the time of the alert. Neither the transaction sequence nor the shared recipient, on its own, establishes the precise method used to obtain the assets or mint the tokens.

Attacker reportedly converted proceeds into 546.36 ETH

Blockchain.News reported that the exploiter converted the proceeds into about 546.36 ETH, valued at approximately $1.44 million at the time of publication.

This is the value of the converted proceeds, not a revised total-loss estimate. PeckShieldAlert’s approximately $2 million affected-assets figure combines the FET drain and the NTX issuance values.

Unauthorised 408.5 million NTX issuance coincides with steep token decline

AMBCrypto said NTX fell sharply after an unauthorised issuance of more than 408 million tokens, with reported declines ranging from about 65% to 95.7% depending on the measurement window.

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