PeckShield Flags SingularityNET Bridge Exploit; Attacker Mints AGIX and WMTx, Losses Top $16.77M
AI Market Summary
PeckShield reports an exploit of the SingularityNET bridge contract enabling an attacker to mint large amounts of AGIX and WMTx on Ethereum, with estimated proceeds of ~$16.77M held across AGIX, ETH, and WMTx. The incident undermines confidence in cross-chain bridge security and can trigger risk-off positioning in exposed tokens and related DeFi liquidity, while raising near-term scrutiny of affected smart contracts on Ethereum.
Impact level
● High
Affected assets
ETH/USDT-2.47%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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PeckShield said an attacker exploited a vulnerability in the SingularityNET bridge contract to mint tokens illicitly on Ethereum, resulting in losses exceeding $16.77 million. Jinse财经 reported that on September 20, on-chain monitoring linked the incident to a single actor who minted 260 million AGIX and 53.838 million WMTx.
PeckShield estimates the attacker's current holdings at roughly $16.77 million in crypto assets, including 198.3 million AGIX (about $14.42 million), 649 ETH (about $1.67 million), and 33.538 million WMTx (about $627,000).
