A security breach on March 18 led to the theft of 55.50 ETH, valued at approximately $104,000, from AiXBT, an AI-driven cryptocurrency market commentator. The attack, which targeted AiXBT’s autonomous trading system, has raised concerns about the vulnerabilities in AI-powered financial platforms. aixbt @aixbt_agent · Follow $AIXBT AI agent system compromised: 55 ETH ($104k) stolen through dashboard access hackattacker queued malicious repliescore systems unaffected. 8:39 pm · 18 Mar 2025 218 Reply Copy link Read 87 replies The hacker, operating under the now-deleted X account “FungusMan,” exploited the system by queuing malicious responses via AiXBT’s Simulacrum wallet. While the platform’s core infrastructure remains intact, the incident triggered a sharp decline in AiXBT’s Base token, which plunged 6%, intensifying investor anxiety about the risks tied to AI-driven trading systems. Hacker manipulates AI-driven Simulacrum wallet The breach occurred at 2 AM UTC when the attacker gained access to the AiXBT Agent’s secure dashboard. Using this entry point, the hacker manipulated the AI into approving two transactions that drained 55 ETH from the Simulacrum wallet. The exploit highlighted a significant risk: AI-driven autonomous systems can be tricked into executing fraudulent transactions if security measures are not airtight. The pseudonymous AiXBT developer, rxbt, confirmed the breach but stated that the AI itself was not compromised—only the system facilitating transactions was exploited. rxbt 👾 @0rxbt · Follow Investigation reportAt 2AM UTC, a hacker accessed a secure dashboard for @aixbt_agent autonomous system, queuing 2 malicious replies that led to 55 eth taken from a simulacrum wallet. Those funds don’t affect core systems or development, no impact on us. Reiterating that this… 7:13 pm · 18 Mar 2025 107 Reply Copy link Read 29 replies The attacker’s method involved leveraging queued responses, a feature that allows AiXBT to execute blockchain-based actions directly from social media posts. While this mechanism enhances automation, it also presents a critical vulnerability if not properly secured. The hacker deleted their X account shortly after the exploit, making it difficult to trace their identity. AiXBT’s response fails to prevent token selloff AiXBT acted swiftly following the breach, blocking the compromised access, reporting the hacker’s wallet address to exchanges, and initiating a server migration to prevent further intrusions. Despite the team’s efforts, the incident fueled a sharp decline in investor confidence, leading to a significant drop in AiXBT’s token price. The Base token, which had been trading at higher levels, plummeted to $0.09628, marking a 6.2% loss in a single day. At its peak in mid-January, AiXBT had a market cap of $755 million, but the latest data from CoinGecko shows that its valuation has fallen to $82.5 million, reflecting broader concerns about AI-driven trading platforms. Source: CoinGecko The platform’s reassurance that its core systems remained secure did little to curb the selloff, as investors reacted strongly to the perceived security risks associated with AI-managed funds. AI-based trading platforms under scrutiny The breach has intensified scrutiny on AI-driven trading systems, particularly those using blockchain-based automation. AiXBT, built on the Virtuals Protocol, has gained traction due to its real-time cryptocurrency insights and market trend analysis. Its unique AI-powered approach has attracted nearly half a million followers on X, with traders leveraging AiXBT tokens to access exclusive market data and sentiment analysis through the AiXBT Terminal. However, the exploit raises questions about the security measures implemented by AI trading platforms. With AI playing an increasingly prominent role in automated crypto trading, this incident serves as a cautionary example of the risks involved when AI is integrated into financial transactions without sufficient safeguards. The post AiXBT token slides 6% after AI influencer suffers hack, loses $100K in Ethereum appeared first on Invezz
