ASI Alliance confirmed a security breach in its FET token migration and cross-chain bridge infrastructure, resulting in the unauthorized withdrawal of approximately $1.56 million worth of FET from the conversion contract. The team has initiated immediate response measures and is currently collaborating with security partners to investigate the exploit. Treasury funds, exchange wallets, and user assets held in self-custody or on exchanges remain unaffected by the incident. ASI Alliance stated that holders do not need to take any action at this time and committed to publishing a comprehensive incident report once the investigation concludes.