Migration contract drained of $1.56 million; holders told to do nothing
The converter that moved holders' tokens was emptied of $1.56 million. Holders were told no action was required.
The Artificial Superintelligence Alliance said a flaw in its migration and bridge system let someone take about $1.56 million in FET from the converter contract.[1] The transfer landed on September 19 in block 26013913: 8.7 million FET to one wallet.[2]
Treasury and exchange wallets were untouched, and FET in private wallets was safe, the alliance said, so no action was needed.[3] Fetch.ai paused AGIX to FET swaps and its Ethereum-side bridge contract.[4] It is the contract a holder’s own tokens pass through.[5] No action was needed.[3]
Who gains, who loses
Receipts
On September 20, 2026, the Artificial Superintelligence Alliance confirmed that a security vulnerability in the FET token migration and bridge system allowed attackers to drain approximately $1.56 million worth of FET from the converter contract.
“According to a post by the Artificial Superintelligence Alliance on X, a security vulnerability was exploited on September 20, allowing unauthorized parties to withdraw approximately $1.56 million worth of FET from the converter.”
CryptoTimes reported that the FET drain transaction occurred at 20:21:47 UTC on September 19, 2026, in block 26013913 and moved 8,721,530.40 FET from the TokenConversionManagerV3 converter contract to wallet address 0x2dcc1085fDCf418B421E45e86e4e54637cc21dfE.
“The FET drain occurred at 20:21:47 UTC on September 19, 2026, in block 26013913.”
Blockonomi reported that the Artificial Superintelligence Alliance said holders did not need to take any action following the approximately $1.56 million FET converter withdrawal because FET held in private wallets or exchanges was unaffected.
“The alliance said treasury and exchange wallets were not affected by the breach and noted FET held in private wallets or exchanges remained unaffected.”
Blockonomi reported that Fetch.ai paused AGIX to FET conversions and its Ethereum-side bridge contract as a precaution while investigators reviewed the affected bridge infrastructure following the exploit.
“Fetch.ai paused AGIX to FET conversions while investigators reviewed the affected bridge infrastructure.”
Blockonomi reported that, according to the Artificial Superintelligence Alliance, an unauthorized party withdrew about $1.56 million in FET from the converter connected to the migration system, while treasury and exchange wallets were not affected.
“After the announcement, the Artificial Superintelligence Alliance reported an unauthorized withdrawal worth about $1.56 million in FET, saying the funds came from the converter connected to the migration system.”
Cabal Desk is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.