The developer behind the AI-powered X account Truth Terminal appears to have been hacked to shill a spurious memecoin, with the attackers clearing over $600,000 from the endeavor.&nbsp;
On Oct. 29 at 1:50 am UTC, Ayrey’s X account made a cryptic post announcing the launch of the new Infinite Backrooms (IB) token, with a picture that included the contract address for the memecoin — which sent the token rallying quickly to a $25 million valuation.&nbsp;
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 <img alt="Truth Terminal founder’s X account hacked to shill scam memecoin" src="https://s3.cointelegraph.com/uploads/2024-10/0192d6de-c2ce-7c21-938b-de33197eba84" title="">
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 The now-deleted tweet from Ayrey’s account promoting the IB token. Source: X
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However, the wallet responsible for deploying the token purchased 124.6 million IB for $38,400 at launch and sold the entirety of its holdings within 45 minutes for a total profit of $602,500, according to <a data-ct-non-breakable="null" href="https://dexscreener.com/solana/gcdd3jlws37mevuvws8vawbgn2rzeefrrok23jy7g5x6" rel="null" target="null" text="null" title="null">data</a> from Descreener.
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 <img alt="Truth Terminal founder’s X account hacked to shill scam memecoin" src="https://s3.cointelegraph.com/uploads/2024-10/0192d6df-9151-734f-921e-a3b70e630e85" title="">
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 The value of the sham IB token surged to a peak valuation of $25 million. Source: Dexscreener.
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Ayrey’s account was still compromised at the time of publication, with hackers publishing several additional posts about launching new memecoins and sharing links to Telegram groups.&nbsp;
Truth Terminal is the AI bot responsible for sending a memecoin called 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 Oct. 24 all-time high.
Notably, the bot had <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ai-bot-didnt-launch-goat-memecoin-did-promote-it" rel="null" target="null" text="null" title="null">no involvement in launching</a> GOAT, but did endorse the token after a developer launched it on the Solana-based <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/pump-fun-teases-future-token-reveals-new-trading-terminal" rel="null" target="null" text="null" title="null">memecoin deployer Pump.fun</a> on Oct. 10.&nbsp;
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 <img alt="Truth Terminal founder’s X account hacked to shill scam memecoin" src="https://s3.cointelegraph.com/uploads/2024-10/0192d6e0-81a4-7297-ab47-5483a7400284" title="">
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 Source: <a data-ct-non-breakable="null" href="https://x.com/AndyAyrey/status/1845320110002798963" rel="null" target="null" text="null" title="https://x.com/AndyAyrey/status/1845320110002798963">Andy Ayrey</a>
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Ayrey says Truth Terminal is a “fine tune” version of Meta’s Llama 3.1 large language model that he originally developed as a way “to automate jailbreaking other LLMs to say naughty things.”
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/coinbase-based-agent-ai-agent-crypto-transactions-brian-armstrong-base" rel="null" target="null" text="null" title="null">Coinbase introduce‘‘Based Age’t’ for creating AI agents in 3 minutes</a>
Truth Terminal operates semi-autonomously, with Ayrey only stepping in to approve and filter its X posts and decide who it gets to interact with.&nbsp;
The bot first made waves in the crypto space on July 11, when it secured $50,000 in discretionary funding from a16z founder Marc Andreessen, who funded the bot’s wallet after it told him it wished to buy itself a new CPU, tweak its algorithm and potentially launch a memecoin.&nbsp;
Truth Terminal’s foray into crypto <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/truth-terminal-ai-millionaire-memecoins" rel="null" target="null" text="null" title="https://cointelegraph.com/news/truth-terminal-ai-millionaire-memecoins">has inspired a wave</a> of similar autonomous and semi-autonomous AI agents to begin trading and making posts about cryptocurrencies on social media.&nbsp;
AI Eye: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/a-bizarre-cult-is-growing-around-ai-created-memecoin-religions-ai-eye/" rel="null" target="null" text="null" title="null">A bizarre cult is growing around AI-created memecoin ‘religions’</a>

Truth Terminal founder’s X account hacked to shill scam memecoin

Cointelegraph

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