Massive Security Breach Hits AiXBT
A hacker breached the popular AI-powered crypto bot AiXBT, stealing 55.5 Ethereum (ETH) equivalent to around $105,000. This major security breach occurred when a hacker managed to exploit the bot’s autonomous reply system.
The attacker, using a now-deleted social media account called FungusMan, queued malicious replies into AiXBT’s system. The bot, which is designed to make on-chain transactions through social media interactions, unknowingly sent the large sum of ETH to the hacker’s wallet.
The theft took place through AiXBT’s Simulacrum wallet, a feature that lets users generate crypto transactions via social media posts. The hacker manipulated the bot into tipping them 55.5 ETH on the Base network, an Ethereum layer-2 chain. This was done through maliciously crafted replies that bypassed the bot’s existing security measures.
The incident sent shockwaves through the crypto community, raising concerns about the vulnerability of AI-driven financial systems.
Developer’s Response and Damage Control
Following the attack, AiXBT’s anonymous developer, known only by the pseudonym RXBT, confirmed the breach. According to the developer, the hacker accessed a secure dashboard for the AI bot’s autonomous system. This allowed them to queue two harmful replies, each triggering large ETH transfers to the scammer’s wallet.
To prevent further losses, RXBT quickly implemented stronger security protocols, including:
- Migrating servers to more secure environments.
- Swapping access keys to prevent unauthorized entry.
- Reporting the hacker’s wallet address to centralized crypto exchanges, hoping to block the stolen funds from being cashed out.
In a follow-up post, AiXBT’s developer assured the community that the core systems remained unaffected, despite the breach. The bot’s social media account stated:
“Simu wallet was cooked, but core systems unaffected. If you’re trading AIXBT, this doesn’t change fundamentals. Expect improved security after server migration.”
However, despite these assurances, the attack has dealt a heavy blow to the project’s reputation and token value.
AiXBT Token Plunges 20% Amid Broader Crypto Slump
Following the security breach, AiXBT’s token price on the Base network tumbled by 20% in just 24 hours, dropping to approximately $0.097. This sharp decline adds to the token’s ongoing downfall, as it now sits nearly 90% below its all-time high of $0.94, reached in mid-January.
The hacking incident is part of a larger trend of declining values for AI-related crypto tokens. The sector, which once boasted a $17 billion market cap in early January, has now shrunk to under $5 billion, according to data from CoinGecko.
The rapid drop in AiXBT’s value shows how easily market confidence can be shaken by security vulnerabilities, even for popular and trusted AI-based projects.
While the developer claims that the bot’s fundamentals remain strong, the token’s sharp decline suggests that many investors remain wary, fearing further security risks.
