An attacker exploited a weak security check in Fetch.ai's (FET) token converter, stealing 8.72 million FET tokens worth $1.54 million. The same attacker also minted 408.5 million unauthorized NuNet (NTX) tokens, causing NTX's price to plummet 95.7%. While FET's price dropped only 9% due to no new tokens being created, NTX suffered severe dilution and market pressure. These incidents highlight risks in contract security and token issuance, with ongoing concerns about token supply overhang and market impact for both projects.
The Fetch.ai exploit drained $1.54 million in tokens, with a related NuNet token crash of 95.7%. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Sep 20, 2026 14:01 WIB: out of 50 major cryptocurrencies, 23 rose and 26 fell. Notable movers include CAKE at Rp43.612 (+3.95%), THETA at Rp3.814 (-3.52%), and LINK at Rp212.389 (-3.28%).
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