$2 Million AI-Crypto Exploit : 8.72M FET Drained, 408.5M NTX Minted

A single on-chain actor appears to have struck two related artificial-intelligence crypto projects within minutes of each other on September 19, 2026, emptying a Fetch.ai conversion contract and inflating NuNet’s token supply in one coordinated burst.

Security firms tracking the wallets say the same cluster first pulled about 8.72 million FET from Fetch.ai’s TokenConversionManagerV3 contract on Ethereum, then received a freshly created batch of roughly 408.5 million NTX from NuNet’s deployer account. Combined, the haul was valued near $2.01 million at the time of the moves.

The FET withdrawal was the larger cash component.

Researchers put that drain at about $1.53 million to $1.56 million, depending on the snapshot used. Minutes later, the NuNet mint added another several hundred thousand dollars in newly issued coins.

The shared destination wallet is what tied the two events together: this did not look like two unrelated bugs firing on the same night, but one operator with access to privileged keys or signing authority across both codebases.

Dollar damage tells only part of the story.

The more disruptive figure sat inside the NTX issuance.

Those 408.5 million tokens represented about 42 percent of NuNet’s circulating supply, a sudden expansion large enough to rewrite the token’s economics in a single transaction.