AIXBT, an AI-driven cryptocurrency market commentator, suffered a significant security breach on March 18, 2025, resulting in the theft of 55.50 ETH, valued at approximately $104,000. The hacker, operating under the pseudonym "FungusMan," gained access to AIXBT's autonomous trading system dashboard and queued malicious replies, which led to the unauthorized transfer of funds from the Simulacrum wallet.
The breach has raised concerns about the vulnerabilities in AI-powered financial platforms, particularly those using blockchain-based automation. AIXBT's developer, rxbt, confirmed that the core systems remained unaffected, and the breach was not a result of manipulating the AI itself.
Following the incident, AIXBT's token price plummeted by 6-15.5%, sparking anxiety among investors about the risks associated with AI-driven trading systems. The incident highlights the importance of robust security measures in AI-powered financial platforms.
$AIXBT
The breach has raised concerns about the vulnerabilities in AI-powered financial platforms, particularly those using blockchain-based automation. AIXBT's developer, rxbt, confirmed that the core systems remained unaffected, and the breach was not a result of manipulating the AI itself.
Following the incident, AIXBT's token price plummeted by 6-15.5%, sparking anxiety among investors about the risks associated with AI-driven trading systems. The incident highlights the importance of robust security measures in AI-powered financial platforms.
$AIXBT