Fetch.ai Releases On-Chain Attack Analysis, Collaborates with SingularityNET to Deactivate Affected Wallets and Contracts

According to ME News, on September 20 (UTC+8), Fetch.ai tweeted that it has published an on-chain analysis report of the attack on the ASI:One platform, tracing the full path from the compromise of the signature key to the attacker’s cash-out wallet, and noting that this report is not final. The report reveals that the root cause of the attack was the theft of the backend signature key for the SingularityNET cross-chain bridge, which the attacker used to generate legitimate signatures and empty the entire contract balance of 8,721,530 FET (approximately $1.55 million) via the conversionIn function. Simultaneously, the NuNet minting key was also compromised, enabling the attacker to mint approximately 408.5 million NTX (about 42% of the total supply). Both attack vectors were coordinated and initiated within the same minute. As of the report’s publication, the attacker still held approximately 547.89 ETH and 230 million NTX in a single wallet. Fetch.ai also announced that it has jointly with SingularityNET deactivated the affected wallets and contracts, and will continue to provide updates on further investigation findings. (Source: Foresight News)