Fetch.ai Ethereum Contract Faces Ongoing Attack, Blockaid Says

Fetch.ai's Ethereum contract is under a continuing attack, according to Blockaid monitoring. According to Foresight News, the losses are about $2.01 million, including about $1.56 million in FET stolen from the token conversion contract and about $452,000 in NTX maliciously minted. Blockaid said the attacker used a valid conversion authorization signature in the conversionIn function of TokenConversionManagerV3 to drain the remaining FET held by the converter. The same wallet later minted a large amount of NTX from the NuNet deployer account.