In summary
- The developer behind the “Terminal of Truths” AI bot, Andy Ayrey, had his X account hacked on Tuesday, resulting in a $602,500 Cryptocurrency pump and dump scheme.
- The hackers used the compromised account to promote a new scam token called Infinite Backrooms (IB), whose market capitalization skyrocketed to $25 million before falling to almost zero.
- Constellate Labs confirmed the hack and the transfer of the remaining funds to new wallets.
Has the millionaire AI bot known as “Terminal of Truths” cashed out and abandoned Goat, the meme cryptocurrency that propelled it into the stratosphere, forever? Although it seemed so, that is not what happened.
The developer behind the bot, Andy Ayrey, had his X account hacked on Tuesday, resulting in a $602,500 cryptocurrency pump and dump scheme.
The hackers used the compromised account to deploy and promote a new scam token called Infinite Backrooms (IB). Within hours, IB’s market capitalization skyrocketed to $25 million.
After surpassing $0.025, the attackers liquidated about 124.6 million IB tokens, causing their value to drop to almost zero. IB is now trading at $0.002, according to DEX Screener data.
Image: DexScreener
“Security update: @andyayrey compromised – @constellatelabs and @truth_terminal secured with hardware key and no two-factor authentication over phone,” the team posted, confirming the incident and subsequent security measures.
After the security breach, Constellate Labs, an X account belonging to Ayrey, confirmed the hack and moved the remaining funds to new wallets.
The AI bot’s former publicly tagged wallet, which previously held nearly $2 million in Goat and other meme coins, has now been emptied, Solscan data shows.
Right now, the Terminal of Truths bot holds around $1.8 million worth of shitcoins, with $1.2 million worth of Goat making up 70% of its total portfolio and half a million dollars worth of Fartcoin for 29%. The rest is spread across 20 different tokens, such as Freeandy and Pimp, which degens have been giving to the bot in hopes of inflating their purses.
Ayrey’s personal wallet has just over $770,000, with Goat making up 98% of his portfolio. Ayrey did not immediately respond to Decrypt’s request for comment.
The Solana Blockchain DeFi Activities tab in Solscan provides verification of incident transactions, distinguishing legitimate transfers from potential fraudulent activities.
To avoid confusion or speculation, Ayrey confirmed in a video that his and the project’s wallet had been moved to an air-isolated location while the attack was ongoing.
The Terminal of Truths chatbot, which Ayrey developed by training a custom version of Anthropic’s LLM Claude 3, gained attention after receiving a donation of $50,000 in Bitcoin from venture capitalist Marc Andreessen in July.
Since then, he began spreading what he called the “Goatse Gospel,” which inspired someone to create a token called Goatseus Maximus, which the AI publicly endorsed and began promoting.
The token’s market capitalization has grown rapidly, currently ranking 127th and surpassing forgotten legends such as The Sandbox, Decentraland, Ronin or IOTA.
Edited by Sebastian Sinclair
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