AI-Powered Asset Management Protocol Hit by Vulnerability, Resulting in Nearly Half-Million Dollar Impact

The on-chain asset management platform Agentic FoF has encountered a critical security incident, with reports indicating a vulnerability resulted in losses totaling approximately $531,000. According to latest developments shared by ChainCatcher, the platform’s operations have been significantly disrupted as a direct consequence of this breach.

In response to the security event, Agentic FoF has implemented immediate operational restrictions. All vault activities have been suspended indefinitely, and user withdrawal requests are currently frozen pending the outcome of a comprehensive internal security audit. The development team is actively investigating the root cause of the vulnerability to prevent similar incidents.

Notably, the Basis vault has maintained its security integrity and has not been affected by the breach. However, out of an abundance of caution, Basis operations have also been temporarily paused as part of the broader security protocol, though the withdrawal functionality remains operational for users seeking to exit positions.

This security incident highlights the ongoing challenges facing AI-driven financial protocols in the decentralized space, resulting in renewed scrutiny around smart contract audits and security measures. Users holding assets in affected vaults are advised to monitor official communications for updates on the investigation timeline and remediation plans.

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