#AiXBTSecurityBreach

On March 18, 2025, AiXBT, an AI-driven cryptocurrency market commentator, suffered a security breach that resulted in the theft of 55.50 ETH, valued at approximately $104,000. The attacker gained unauthorized access to the platform’s secure dashboard around 2 AM UTC, queuing two malicious replies that triggered the transfer of funds from the Simulacrum wallet. Although the breach did not compromise AiXBT’s core AI systems, it exposed vulnerabilities in the platform’s transaction facilitation process, leading to a swift response from the AiXBT team, including server migrations and security patches. The incident caused a significant market reaction, with the $AIXBT token dropping nearly 20% to $0.0938 within a day, reducing the platform’s market cap to $82.4 million, far below its mid-January peak of $755 million, highlighting broader concerns about the security of AI-driven trading platforms.