FET bridge hack drains $1.55M as NTX minter mints 408.5M
A compromised authorization key and dormant NuNet minter drove the losses, while paused conversions and unrevoked credentials leave remediation as the key test.
SingularityNET (AGIX) is a decentralized marketplace designed to connect developers of artificial intelligence tools with organizations and users who need them. Operating across the Cardano and Ethereum ecosystems, the platform aims to address the gap between AI researchers building specialized models and the businesses that require more customized or composable solutions than any single project can provide. Its native token, AGIX, is used to coordinate and settle transactions between participants on the network. The protocol is designed around the concept of cooperating AI Agents, each capable of offering specific services such as natural language processing, video analysis, text summarization, or motor control. When a user request arrives, a coordinating agent can identify and pay other specialized agents to perform subtasks, with the results combined into a final response. Information gathered from each interaction is intended to feed back into the participating agents, allowing their models to improve over time. The project's long-term vision is to evolve the network itself into an integrated AI system, where nodes collectively coordinate, route requests, and proactively offer solutions to academic and business problems through tokenized, on-chain interactions.
A compromised authorization key and dormant NuNet minter drove the losses, while paused conversions and unrevoked credentials leave remediation as the key test.
SingularityNET is a decentralized marketplace for Artificial Intelligence (AI).
SingularityNET (AGIX) launched on 2017-12-21.
SingularityNET (AGIX) is categorised as: Artificial Intelligence (AI), Cardano Ecosystem, Ethereum Ecosystem.
The official SingularityNET site is https://singularitynet.io/.
Most recent SingularityNET coverage: "FET bridge hack drains $1.55M as NTX minter mints 408.5M" — read at /en-US/a/fet-bridge-hack-drains-155m-as-ntx-minter-mints-4085m.