SingularityNET Token Plunges Over 99% Following Major Exploit

• A single hacker, previously tied to exploits on Fetch.ai and NuNet, unlawfully minted 260 million AGIX tokens on SingularityNET.
• The breach erased approximately $93 million from AGIX’s market capitalization as investors fled the token.

A separate breach has crippled several crypto projects, wiping out millions in value. On Sunday, SingularityNET (AGIX), a platform that enables users to create, share, and monetize AI services on a blockchain, was hit by a severe attack that sent its native token’s price into a free fall.

AGIX Token Crashes More Than 99% Within 24 Hours

Around midnight UTC, AGIX charted a sharp decline, falling from $0.0775 to $0.0006841 in roughly an hour—a drop exceeding 99% in a single day.

The incident also shaved roughly $93 million off AGIX’s market cap, based on its circulating supply of 1.21 billion tokens. This decline widens the gap between the current price and both its all‑time high of $3.46 (December 2024) and its ICO price of $0.10.

The $16.77 Million SingularityNET Exploit

Investigators attribute the breach to a flaw that let the attacker mint 260 million AGIX and 53.838 million World Mobile Token (WMTX). Security firm PeckShieldAlert linked the suspect to earlier exploits on Fetch.ai (FET) and NuNet (NTX).

At the time of the initial assessment, the hacker’s holdings were valued at $16.77 million. Subsequent actions reduced those assets to 198.3 million AGIX (≈$135K), 649 ETH (≈$1.7M), and 33.538 million WMTX (≈$607K).

World Mobile Chain’s Response

World Mobile Chain, a Layer‑3 network built for telecommunications and DePIN applications, confirmed that the breach originated from a vulnerability in the SingularityNET bridge, causing substantial losses.

The team promptly notified exchanges and other platforms to freeze transactions tied to the exploit and has coordinated with security partners to revoke the attacker’s minting privileges.

Continuous monitoring is underway, and the group pledged to release verified updates to the public.

Additionally, the World Mobile Chain warns users against phishing attempts, urging them not to interact with unsolicited DMs, emails, fake support accounts, recovery services, claim portals, or migration links. The official X account, “@wmchain,” remains the sole source for authentic information.

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