ASI Alliance Says $1.56M in FET Drained in Security Incident
AI Market Summary
ASI Alliance disclosed a security incident tied to FET token migration and cross-chain bridge infrastructure, where an attacker extracted about $1.56M of FET from the conversion contract. While treasury, exchange wallets, and user self-custody holdings are reported unaffected and no user action is required, the breach highlights smart-contract and bridge risk. Near-term sentiment for FET may weaken pending the full incident report.
Impact level
● Medium
Affected assets
FET/USDT-5.36%
AI Insight · FET/USDTAI Insight
▼ Bearish
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ASI Alliance said it has identified a security incident tied to the FET token migration and its cross-chain bridge setup, where vulnerabilities in the underlying infrastructure were exploited. In a post on X on Sept. 20 (UTC+8), the team said it has already taken emergency measures and is working with external security partners. According to the update, an unauthorized actor withdrew about $1.56 million worth of FET from the conversion contract. ASI Alliance said its treasury and exchange wallets were not impacted. It added that users' self-custodied wallets and FET held on centralized exchanges remain unaffected and token holders do not need to take any action. The project said a full incident report will be published after the investigation concludes. (Source: PANews)
