FetchAI Conversion Contract Exploited, $2.01 Million Stolen

A report has emerged that FetchAI's Ethereum-based TokenConversionManagerV3 conversion contract was exploited. The reported amount involved is approximately $2.01 million (about 28 billion KRW). Ublockchain stated that Blockaid analyzed how an external-owned account (EOA) used valid conversion approval information to abuse the contract. Ublockchain also suggested a potential link between the attacker and NuNet.