#AiXBTSecurityBreach

On March 18, 2025, the AI-driven crypto bot AiXBT experienced a security breach resulting in the loss of 55.5 ETH (approximately $105,000). The attacker accessed AiXBT's autonomous system dashboard, queuing malicious replies that prompted the bot to transfer funds from its Simulacrum wallet. The hacker operated under the now-deleted X account "FungusMan."

In response, AiXBT's developer, rxbt, implemented several security measures: migrating servers, replacing keys, temporarily suspending dashboard access for upgrades, and reporting the hacker's address to exchanges. They emphasized that the core systems and development were unaffected by the breach.

Following the incident, the AiXBT token's value declined by approximately 20%, reflecting market concerns over security vulnerabilities in AI-driven crypto platforms.

This event underscores the need for robust security frameworks in AI-powered crypto trading platforms to protect user assets and maintain trust within the ecosystem.