Seymour

On 19–20 September 2026, the SingularityNET bridge — the Ethereum–Cardano bridge used to move AGIX, FET/ASI, NTX, WMTX, CGV and other tokens — was abused. This was not a classic “hole in the code” exploit. Someone with the bridge’s admin / signing keys signed transactions the contracts treated as valid. A bridge burns tokens on one chain and mints the same amount on the other. If you control the key, you can mint without burning anything: unbacked supply. What on-chain reports say happened: About 8.7 million FET was drained from Fetch.ai’s converter. Huge amounts of AGIX, NTX, WMTX and CGV were minted with no backing (hundreds of millions of units each; more than 2 billion across tokens in some tallies). Some of it was sold; some sat in attacker wallets. Firms such as PeckShield put the attacker’s remaining stash in the tens of millions of dollars, depending on which tokens and prices they count. Fetch.ai says its own contracts are not under threat, FET is operating normally, and the attack targeted SingularityNET contracts — mainly the Ethereum–Cardano bridge. They still paused AGIX → FET conversions and their Ethereum-side bridge as a precaution. Was the bridge closed? After the incident, yes — the public SNET bridge site showed it shut for technical work, with in-flight transactions saved. Fetch.ai paused its Ethereum bridge too. World Mobile stopped WMTX minting. Don’t confuse that with “the system was off.” Closing the website only stops normal users. The mint/converter contracts still obey admin keys. Those keys were used, so tokens could be printed even if the UI said closed. (World Mobile also had earlier, separate bridge closures in 2026; this attack is the SNET key-compromise event of 19–20 Sep.) World Mobile (WMTX; CEO Micky Watkins) confirmed unauthorized minting on Ethereum, asked exchanges to freeze affected deposits, is working to revoke mint authorities, and started a pre-exploit snapshot. Watkins said the team had been on it from the first hour with exchanges, market makers and law enforcement, that he’d do a Spaces when he had more, and that they would recover and come back stronger. @wmchain told holders not to interact with WMTX for now and to ignore DMs, fake “support,” recovery services, and migration links. Why it hurts: existing holders get diluted. FET and WMTX sold off. The community split between people thanking the teams for speed/transparency and people angry at yet another bridge, inflated supply, dumps, and recovery scams. One line: the contract wasn’t broken — the bridge keys were used to print tokens. A closed website is not the same as revoked keys. Investigation ongoing. Until there’s an official post-mortem, don’t touch bridges or random “help” links.