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Wallet Activity Connects $1.55M Fetch.ai Theft to 408.5M NTX Mint

CryptoSlate linked one wallet to a $1.55 million Fetch.ai theft and the minting of 408.5 million NTX. Fetch.ai said its contracts were unaffected, but shared bridge routes leave the NTX supply issue unresolved.

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Wallet Activity Connects $1.55M Fetch.ai Theft to 408.5M NTX Mint

A wallet associated with a reported $1.55 million theft involving Fetch.ai has also been linked to the minting of 408.5 million NTX tokens, according to CryptoSlate. The connection has raised questions about the status of NTX’s circulating supply. Fetch.ai said its own smart contracts were not affected by the incident. However, the use of shared bridge routes means the relationship between the theft and the large NTX mint remains unresolved. The report does not establish that Fetch.ai contracts created the additional NTX tokens, nor does it provide a final explanation for the activity. The development is relevant to holders tracking FET and the broader infrastructure connecting crypto assets across networks. Market participants are awaiting further clarification on the bridge routes and whether the minted NTX affected supply calculations.

Source CryptoSlate Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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