FET news has a security incident to weigh against enthusiasm for AI-related tokens. An attack on conversion infrastructure connected with SingularityNET and the Artificial Superintelligence Alliance removed roughly $1.56 million worth of FET from a token converter in September. AGIX-to-FET conversions and an Ethereum-side bridge were paused during the response. The incident concerned migration infrastructure, not a claim that every FET wallet or the core Fetch.ai network was breached.
Remittix has discussed a completed CertiK audit of its token contract as it moves toward a November 24 RTX debut. Its PayFi app is also being tested by invited holders and its Markets venue is live. Security review is one part of building trust in a financial platform; another is whether customers can use the products reliably. Both questions matter when buyers compare an AI narrative with a payments ecosystem entering public trading.
FET News: What Happened to the Converter?
A technical incident analysis describes a September 19 call to the TokenConversionManagerV3 contract using an authorisation signature, withdrawing about 8.7 million FET from the converter. The FET inventory was worth roughly $1.5 million at the time. Other unauthorized minting activity was also reported, so the $1.56 million headline refers to the converter loss rather than every asset implicated in the wider event.
FET remains tied to a much larger AI and agent-economy proposition. Developers are working on tools that could let autonomous software use blockchain services, but token value will depend on actual customers and the relationship between those services and FET demand. The exploit adds an operational issue for the alliance to resolve while its technology roadmap continues.
Remittix Builds Trust Around Working Products
Remittix says its RTX token contract completed a CertiK audit, with issues addressed after contract updates. That describes the contract review specifically. The project is also building an app for holding, trading and moving value, so product operations and the payment experience remain central to what users can judge as access widens.
The Remittix platform includes an iOS wallet with more than 10,000 downloads and a live Markets venue with over $50 million in cumulative reported trading volume. PayFi is designed to connect supported crypto and fiat bank routes; 1,000 existing holders have been invited to test initial EUR and USD options. Earn is approaching release as another potential use for supported assets.
Cross-border remittances are a vast recurring market. A narrow customer segment that trusts and repeats a payment journey could generate substantial transfer volume. Trading supplies a separate source of active users. More than 40,000 people have joined Remittix’s presale, raising over $32 million toward a $36 million cap, giving the product team an initial community to engage.
What Buyers Can Judge Before RTX Launch
FET’s incident underlines why infrastructure details matter even when a project’s market narrative is exciting. Remittix has an announced November 24 debut and planned $0.46 final tier; its contract audit, live Markets activity and invited PayFi test offer several concrete items for buyers to assess before exchange trading begins.
Explore Remittix’s product and launch updates. The larger RTX opportunity depends on a financial app people trust enough to use repeatedly for payments and trading. That would give the token a business story reaching beyond its first launch announcement.
See the current RTX phase: Remittix website | X
Frequently Asked Questions
What was the FET bridge exploit? A token-conversion contract lost roughly $1.56 million worth of FET during a September 2026 attack.
Was the entire Fetch.ai network hacked? The reported incident involved conversion or bridge infrastructure; it should not be described as a breach of every FET wallet.
What has Remittix audited? Remittix reports a completed CertiK review of its RTX token contract.
Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital.
All market analysis and token data are for informational purposes only and do not constitute financial advice. Readers should conduct independent research and consult licensed advisors before investing.
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