World Mobile Chain reported an exploit of the SingularityNET bridge resulting in unauthorized $WMTx minting on Ethereum, prompting the team to coordinate with exchanges and security partners to freeze deposits and revoke minting authorities. Meanwhile, Ethereum experienced strong Q3 performance, and traders discussed Chainlink token value mechanics and ETH price action near recent highs.
World Mobile Chain identified an exploit of the SingularityNET bridge resulting in unauthorized minting of $WMTx tokens on Ethereum, causing price fluctuations. The team is coordinating with exchanges to freeze affected deposits and working with security partners to revoke minting authorities while warning users against scam recovery services.