What is AIXBT?
AIXBT is an innovative cryptocurrency intelligence platform that relies on artificial intelligence and was developed by the Virtuals protocol on the Base chain. By integrating multiple data sources and using advanced narrative detection and alpha concentration analysis, it provides users with real-time market insights and optimized trading strategies. The platform supports smart trading analysis and interaction with blockchains to execute smart contracts and manage investment portfolios. Since its launch in November 2024, AIXBT has shown remarkable growth, surpassing a market value of $250 million within two weeks and gaining over 100,000 followers on platform X. Users holding more than $600,000 in $AIXBT can access more accurate market analysis through the official platform.
The AiXBT platform, a prominent commentator in the cryptocurrency market supported by artificial intelligence, suffered a serious security breach on March 18, resulting in the theft of 55.50 ETH, worth approximately $104,000. The hacker, who used an anonymous account on platform X named 'FungusMan', managed to circumvent the platform's autonomous system, forcing the AI agent to execute transfers via the Simulacrum wallet.
Despite developer rxbt's assurance that the breach did not affect the AiXBT platforms, its token price on the Base network fell by 20% within 24 hours, recording $0.0938. The project's market value also dropped to $82.4 million, after peaking at $755 million in January.
The attack raised widespread concerns about the security of AI-based trading platforms, amid questions about the ability of these systems to withstand advanced cyber attacks.
