Analysis News TheBitTimes.com

A cryptocurrency trading account that purports to be an artificial intelligence (AI) agent called ‘aixbt’ has apparently been hacked for approximately 55.5 ether (ETH), worth approximately $100,000. The account seemed to note that it “got baited into sending 55.5 ETH to anon” and described it as a “hard-learned lesson about automating high-value txns.” It’s not clear how this account could remove automations and remain an AI agent. The so-called agent also seemed to falsely claim that the total amount lost was only “30 ETH.” X user “rxbt” who is affiliated with aixbt disagrees with the AI agent and claims that this was “not a widespread vulnerability or a result of our AI agent getting tricked.” rxbt instead blames the attack on “unauthorized access to a part of our infra.” It appears as if @aixbt_agent was tricked by @0xhungusman (account now deleted) into sending 55.50 eth t...

An under-the-radar project focused on artificial intelligence (AI) is defying the crypto market downturn as tokenomic upgrade plans begin to take shape. The utility token for the AI agent project ai16z (AI16Z) is trading for $1.52 at time of writing, up 23.7% in the past 24 hours. With a market cap of $1.65 billion, the Solana (SOL)-based altcoin is the 79th-largest crypto project. Meanwhile, Bitcoin (BTC) is down nearly 2% on the day, trading for $91,998 at time of writing. The entire crypto market cap is valued at $3.36 trillion at time of writing, down 3.4% in the last 24 hours. The market strength of ai16z comes as the project is proposing a new tokenomic plan that aims to increase the utility token’s value by better leveraging the benefits of the ecosystem’s AI agent known as Eliza. “The main challenge is that while the Eliza agent framework is thriving in terms of adoption and technical innovation, the ai16z token currently lacks strong m...