The crypto world just witnessed another security exploit—this time, AiXBT’s AI-powered trading platform fell victim to a breach that led to the loss of 55 ETH. The attack occurred when a hacker infiltrated the platform’s autonomous system dashboard, injecting malicious replies that triggered unauthorized fund transfers.
The culprit, using the now-deleted X account “FungusMan,” exploited AiXBT’s Simulacrum wallet, a tool designed for executing on-chain transactions via social media posts.
How the Attack Unfolded
AiXBT’s pseudonymous developer, rxbt, confirmed the breach, revealing that the hacker gained access at 2 AM UTC. Once inside the secure dashboard, they executed two malicious replies that ultimately drained funds from the Simulacrum wallet. Despite the exploit, rxbt reassured the community that AiXBT’s core systems remained intact and that the AI itself functioned as expected.
Swift Damage Control by AiXBT Team
The AiXBT team wasted no time containing the fallout. They blacklisted the hacker’s wallet, reported it to centralized exchanges, and swiftly migrated servers to prevent further breaches. Addressing the community, AiXBT 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.”
Despite this rapid response, the attack has sparked broader concerns about vulnerabilities in AI-driven trading systems. However, AiXBT maintains that this was not a systemic failure, but rather a case of unauthorized access to an isolated tool.
Market Impact: AiXBT Token Takes a Hit
The exploit triggered an immediate 20% drop in AiXBT’s Base token, plunging to $0.0938 within 24 hours. The project’s market cap now stands at $82.4 million, a steep decline from its $755 million peak in January.
Although the stolen funds represent only a fraction of AiXBT’s total valuation, the market’s reaction highlights concerns over security risks—even when fundamental systems remain operational.
What’s Next? Strengthening Security & Regaining Trust
AiXBT has rapidly grown into an influential AI-driven market commentator, providing real-time crypto analysis to nearly 500,000 X followers. Token holders benefit from exclusive access to the AiXBT Terminal, which delivers advanced market insights and sentiment tracking.
While this incident underscores the risks of AI-powered trading platforms, AiXBT’s proactive response and commitment to security enhancements suggest a strong recovery path. With server migrations and new security measures underway, all eyes are on AiXBT as it works to restore confidence and stability in the coming days.
Stay tuned for updates as this story develops.
