$AIXBT

Security Breach: 55.5 ETH Stolen, Token Price Drops

On March 18, 2025, AiXBT, an AI-driven cryptocurrency platform, experienced a security breach resulting in the theft of 55.5 ETH (approximately $104,000). The attacker accessed AiXBT's secure dashboard, manipulating the AI system to approve unauthorized transactions. This exploit led to a 6% decline in the AiXBT token's value, raising concerns about the security of AI-based financial platforms.

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 incident has impacted investor confidence, underscoring the need for robust security protocols in AI-driven systems.

Investors are advised to monitor the situation closely and exercise caution, as the breach highlights potential vulnerabilities in automated trading platforms.