Earlier this week, Andy Ayrey, the mind behind the semi-autonomous AI bot Truth Terminal, discovered his X account had been hacked, leaving the bot’s portfolio emptied. Onchain investigator Zachxbt reported that a FWOG whale seems to be one of the parties tied to the incident.
An X Account Hack and a Pump-and-Dump Scheme — What Happened to Truth Terminal’s Creator?
In recent weeks, the meme coin goatseus maximus (GOAT), a Solana token developed by the semi-autonomous AI bot Truth Terminal, has sparked lively discussion. Just a week ago, Bitcoin.com News highlighted how Truth Terminal held a significant portfolio of meme coins, valued at tens of millions of dollars. But on Tuesday, the bot’s creator, Andy Ayrey, suffered a breach when his X account was hacked, allowing attackers to launch a new meme coin and promote it through his account. This pump-and-dump scheme netted the hackers over $600,000. Ayrey stated that his X account was compromised through a SIM card swap.
Following this, Truth Terminal’s Solana wallet, once packed with meme coin assets worth millions, was drained, with funds dispersed across various wallets. On Nov. 3, onchain analyst Zachxbt shared that one individual involved appears to be an FWOG whale—FWOG being a meme coin that has recently stirred interest in the cryptocurrency community. “I did some initial tracing for the Andy Ayrey (Truth Terminal creator) hack this week which led to $1.5M+ stolen from deploying multiple bundled meme coins and found one of the people involved in the incident appears to be an FWOG whale,” Zachxbt said on his Telegram channel.
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The onchain investigator also shared the wallet addresses tied to the breach. As of Sunday morning, Truth Terminal’s meme coin goatseus maximus (GOAT) has been hit by a market slump. GOAT has fallen 7.2% in the past 24 hours and has dropped 34.5% against the U.S. dollar over the past week. Currently priced at $0.4546 per GOAT, the token is down 48.6% from its all-time high of $0.8788 reached on Oct. 24, just ten days ago. However, GOAT still stands 938.4% above its all-time low of $0.04354 recorded on Oct. 13.
The hack targeting Truth Terminal and its creator spotlights some of the risks in the cryptocurrency realm, where even sophisticated AI-powered bots and seasoned developers are still vulnerable to increasingly complex attacks. GOAT’s sharp dip in market value illustrates the financial impact often trailing such breaches, as shaken investor confidence sends prices sliding. This event may bring increased scrutiny to meme coins, specifically ones created by artificial intelligence.
Source: Bitcoin
