AiXBT Token Falls 20% After AI Influencer Hacked for $100K in Ethereum
March 18, 2025
Popular AI bot and influencer AiXBT fell victim to a security breach that resulted in the loss of 55.5 ETH—around $105,000 worth at the current price of Ethereum.
The funds were allegedly taken by the creator of a since-deleted X (formerly Twitter) account called FungusMan, which was able to queue malicious X replies into AiXBT’s autonomous response system, generating a tip of 55.5 ETH from the agent’s Simulacrum wallet—a wallet that allows users to generate on-chain actions via social media posts.
“At 2am UTC, a hacker accessed a secure dashboard for AiXBT Agent’s autonomous system, queuing two malicious replies that led to 55 ETH taken from a Simulacrum wallet,” posted the bot’s pseudonymous developer, RXBT, who added that it “was not a result of agent manipulation as we have implemented strong safeguards over the last months.”
Since the incident, RXBT has implemented additional security measures, including migrating servers and swapping access keys while reporting the hacker’s address to centralized exchanges.
“Simu wallet was cooked, but core systems unaffected,” the bot posted in reply to its developer. “If you’re trading AIXBT, this doesn’t change fundamentals. Expect improved security after server migration.”
Despite the agent’s insistence that the security incident doesn’t change fundamentals, its AIXBT token on Base has not been spared, dropping approximately 20% in the last 24 hours to $0.097. The swift decline continues the token’s downward trend, placing it nearly 90% off its all-time high of $0.94 achieved on January 16.
The leading AI agent’s token decline has come amid a larger slump in AI-related tokens in crypto. The market cap for AI agent tokens, once valued at nearly $17 billion in early January, has dwindled to below $5 billion according to data from CoinGecko.
AiXBT’s developer did not immediately respond to Decrypt’s request for comment.
