Truth Terminal founder X account hacked to shill scam memecoin
The developer behind the AI-powered X token truth terminal appears to have been hacked as a fake memecoin shill, with the attackers netting more than $600,000 from the effort.
On October 29 at 1:50am UTC, Ayrey's X account made a cryptic post announcing the launch of the new Infinite Backrooms (IB) token, with an image that included the memecoin contract address – to which he quickly sent the token. A price of 25 million dollars.
A now-deleted tweet from Ayrey's account promoting the IB token. Source: X
However, the wallet responsible for deploying the token bought 124.6 million IB at a starting price of $38,400 and sold its entire holding for a total of $602,500 within 45 minutes, according to data from Discrinder.
Sham IB token price has risen to a high estimate of $25 million. Source: Dexscreener.
Airy's account was still hacked at the time of publication, with hackers publishing several more posts about launching new memecoins and sharing links to Telegram groups.
Truth Terminal is the AI bot responsible for sending the memecoin Goatseus Maximus (GOAT) to a peak valuation of $940 million. GOAT is currently trading at a market cap of $637 million, down 32% from its peak on October 24.
Notably, the bot had no involvement in launching GOAT, but a developer endorsed the token after Solana-based memecoin distributor Pump.fun launched it on October 10.
Source: Andy Ayrey
According to Airey, Truth Terminal originally developed MetaLlama 3.1's large language model as a “good tune” as a way to “bind other LMMs to automatically say nasty things.”
Related: Coinbase Introduces ‘Based Age' to Create AI Agents in 3 Minutes
Truth Terminal operates semi-autonomously, with Airy only logging in to approve and vet X's posts and decide who to connect with.
The bot made waves in the crypto space on July 11, when it received $50,000 in discretionary funding from a16z founder Marc Andreessen, who backed the bot after telling him he wanted to buy himself a new CPU so he could tweak and launch the algorithm. A memecoin.
Truth Terminal's foray into crypto has prompted a similar wave of autonomous and semi-autonomous AI agents to start trading and writing about cryptocurrencies on social media.
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