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Home News Crime

Truth Terminal’s Developer Hacked on X; Attackers Net $600K Promoting Memecoin

29 October 2024
in Crime, News
Reading Time: 3 mins read
105 4
source: securityintelligence.com

source: securityintelligence.com

The X account of the developer of the popular AI bot Truth Terminal, Andy Ayrey, has been hacked.

The breach, confirmed by X user Tischersauce on October 29, allowed the attackers to promote a questionable memecoin and generate over $600,000 in profits.

Can you atleast shill an actual good coin like $pumpi the mascot of @pumpdotfun ?

5V9HBdoEpcLP5mGKi6onhUbp4Mkdzo8oeCXtArLCpump

— Tischer 🥷 (@tischersauce) October 29, 2024

The incident began around 1:50 a.m. UTC when the compromised Truth Terminal account posted a cryptic message introducing a new token, Infinite Backrooms (IB), along with an image showing the contract address. 

The announcement quickly spurred IB’s valuation to $25 million as users bought into the token. Data from Descreener reveals that the wallet responsible for launching IB initially purchased 124.6 million tokens for $38,400 and then sold them all within 45 minutes, earning a profit of $602,500.

As of press time, the promo post has been deleted but Ayrey’s account still appears to be under the control of hackers, who continue to post promotional content about new tokens and share links to Telegram groups.

Truth Terminal is a well-known AI bot in the crypto community. It was created using Meta’s Llama 3.1 language model, and it is managed semi-autonomously, with Ayrey overseeing its posts on X.

It had previously promoted Goatseus Maximus (GOAT), a memecoin that reached a valuation of $940 million before dropping to a $637 million market cap. Truth Terminal was not involved in launching GOAT but endorsed it after its creation on the Solana platform Pump.fun on October 10.

The AI bot’s influence grew significantly after receiving $50,000 in funding from Marc Andreessen, a16z founder, in July, allowing the bot to expand its capabilities and explore new projects.

Meanwhile, this breach follows a similar incident on October 18, when the X account of DeFi protocol EigenLayer was compromised to promote a fake airdrop. The attackers shared a message resembling an official campaign update, redirecting users to a malicious website posing as an airdrop claim portal. 

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

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