NuNet Hack

On September 19, 2026, an attacker used NuNet's compromised minter key on Ethereum to mint 408,532,878 NTX, about 42% of the token's documented supply, in a single transaction. The key belonged to the NuNet deployer account and had reportedly been dormant since March 2023. The minted tokens were worth roughly $452,000-$463,000 at pre-crash prices; the attacker dumped more than 217 million NTX through DEX liquidity and routed 10 million through Mayan for cross-chain conversion, and NTX fell by more than 70% (some trackers reported over 90%) to an all-time low within a day.

The mint came about 29 minutes after the same wallet cluster drained about 8.7M FET from the Fetch.ai / SingularityNET token converter using a stolen bridge authorizer key, bringing the combined haul to about $2 million. Blockaid, PeckShield and SlowMist flagged the activity. How the NuNet key was compromised has not been disclosed, NuNet had not issued a public statement when the incident was reported, and about five hours after the attack the minter role had reportedly not yet been revoked.