$AIXBT AIXBT, an AI-driven cryptocurrency market commentator, recently experienced a security breach resulting in the loss of approximately 55.50 ETH (around $104,000). The attacker exploited AIXBT's autonomous trading system by manipulating its AI-driven Simulacrum wallet to execute fraudulent transactions. This incident led to a significant decline in AIXBT's token value, with reports indicating a drop of up to 20%.

In response, AIXBT's team promptly blocked the compromised access, reported the hacker's wallet address to exchanges, and initiated a server migration to enhance security. Despite these measures, the breach has raised concerns about the vulnerabilities inherent in AI-powered financial platforms.

As of now, AIXBT is trading at approximately $0.099333, reflecting the impact of the recent security incident. Investors and users are advised to exercise caution and stay updated on further developments regarding AIXBT's security measures and platform integrity.