The cryptocurrency $NMT, associated with NetMind, experienced a significant security breach leading to a substantial selloff. Initial reports indicated a minting exploit, prompting warnings against buying the dip. Further investigation revealed that a miner's wallet, identified as 0x4484771fa71bf0c1C679e452e57F3a5CD9E60220, was compromised, allowing unauthorized access to bridge assets from the NetMind Chain to the Binance Smart Chain (BSC) and subsequently dump them. The NetMind team acknowledged the situation, stating they are working on mitigation and do not foresee long-term risks, attributing the incident to an exploit or hack. The breach resulted in the minting of 440,000 $NMT, causing the token's value to plummet over 75% in a matter of minutes. Despite the dramatic drop, the team's reassurance led to a partial recovery of the token's value.