SingularityNET bridge flaw exploited as attacker mints $16.77M worth of AGIX and WMTx
AI Market Summary
PeckShield reports an attacker exploited a SingularityNET bridge contract vulnerability to illegally mint large amounts of AGIX and WMTx on Ethereum, amassing roughly $16.77M in assets (including AGIX and ETH). The incident increases security and counterparty-risk concerns around cross-chain bridges, potentially pressuring liquidity and risk appetite across adjacent tokens as markets reassess exploit exposure and potential remediation actions.
Impact level
● Medium
Affected assets
AGLD/USDT+0.42%
AI Insight · AGLD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Onchain security firm PeckShield (@PeckShieldAlert) reported that a single attacker exploited a vulnerability in the @SingularityNET bridge contract, illicitly minting 260 million AGIX and 53.83 million WMTx on Ethereum. The wallet is estimated to be holding about $16.77 million in crypto, including 198.3 million AGIX (about $14.42 million), 649 ETH (about $1.67 million), and 33.538 million WMTx (about $6.27 million).
