#AiXBTSecurityBreach

On March 18, 2025, the AI-driven cryptocurrency bot and influencer AiXBT experienced a significant security breach resulting in the loss of 55.5 Ether (ETH), approximately valued at $105,000.

Incident Overview

The breach occurred when an attacker accessed AiXBT's secure dashboard, queuing malicious replies that prompted the unauthorized transfer of 55.5 ETH from the bot's Simulacrum wallet. This wallet enables on-chain actions via social media interactions. The hacker operated under the pseudonym "FungusMan," utilizing a now-deleted X (formerly Twitter) account to execute the exploit. By infiltrating the autonomous system's dashboard, the attacker initiated two unauthorized transactions, effectively draining the funds.

Developer's Response

The bot's developer, known as RXBT, confirmed the incident, stating that at 2 AM UTC, a hacker accessed a secure dashboard for AiXBT's autonomous system, leading to the unauthorized transfer of 55 ETH. RXBT emphasized that the core systems remained unaffected and that the breach was not due to manipulation of the AI agent itself, as robust safeguards had been implemented. In response to the breach, RXBT implemented several security measures:

Migrating servers and swapping access keys.

Pausing dashboard access for security upgrades.

Reporting the hacker's addresses to exchanges to mitigate further risks.

Market Impact

Following the security breach, AiXBT's native token experienced a notable decline. The token's value dropped approximately 15.5% to $0.09 on Ethereum's Layer 2 Base network. This incident underscores the market's sensitivity to security vulnerabilities within AI-driven cryptocurrency platforms.