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Sep 20, 2026

Fetch.ai and NuNet hit by $2 million exploit from same attacker

Security firms linked attacks on AI-focused crypto projects Fetch.ai and NuNet to the same attacker wallet, with approximately $2 million stolen through compromised private keys.

Sep 20, 2026·3 sources
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Top claims

  • ▪SlowMist reported that Fetch.ai's TokenConversionManagerV3 relied solely on an ECDSA signature from a single externally owned account to authorize the conversionIn() function, which lacked a checkLimits control mechanism
  • ▪An attacker using wallet 0x1572…c362 drained 8.7 million FET tokens, valued at approximately $1.53 million to $1.56 million, from a Fetch.ai token converter contract on Ethereum
  • ▪NuNet's NTX token crashed between 65% and 95% following the September 19, 2026 exploit of Fetch.ai and NuNet, reaching an all-time low on September 20, 2026

Topics

Crypto hacksAI tokens