An attacker has breached the dashboard of AI-powered crypto bot AIXBT, executing two unauthorized transactions that drained 55.5 ETH (worth $106,200) from its wallet. This incident has raised concerns about the security of AI-driven crypto trading platforms.
Key Details of the Hack:
The breach occurred on March 18 at 1:58 AM UTC.
The hacker accessed AIXBT’s dashboard and triggered two transfers totaling 55.5 ETH.
AIXBT’s core systems remained unaffected, according to its maintainer, "rxbt".
Immediate security measures taken:
Server migration and key swaps
Dashboard access paused for security upgrades
Hacker addresses reported to exchanges
Market Impact & AI Crypto Security Concerns
The AIXBT token (AIXBT) on Ethereum’s Base layer-2 network dropped 15.5% to $0.09 following the attack.
Experts warn that AI-powered crypto bots like AIXBT, ai16z, and Truth Terminal need stronger security frameworks to prevent future breaches.
Decentralized AI researcher "S4mmy" emphasized the need for battle-testing AI agents managing crypto funds to prevent future exploits.
The Future of AI in Crypto Trading
Despite security concerns, industry experts believe that AI-driven crypto trading bots have long-term potential.
Spencer Farrar, partner at Theory Ventures, stated that the space is in an experimental phase but could evolve into a major innovation.
The market capitalization of AI agent-related tokens currently stands at $4.2 billion, according to CoinGecko.
As decentralized finance (DeFi) platforms continue integrating AI-powered trading solutions, strengthening security measures will be crucial to protect users and assets from similar attacks, according to Cointelegraph.
