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...

Jito Foundation Launches Governance Token (JTO). Impactful Solana MEV Mitigation by Jito Labs. The JTO token will have a total supply of 1 billion. Jito Foundation, the driving force behind Solana MEV developer Jito,  has made a significant move with the launch of a governance token, JTO. This move aims to not only manage the protocol but also foster development in the Solana ecosystem. With a total supply of 1 billion JTO token s, this initiative seeks to democratize decision-making within the Jito Network, allowing community members to play a pivotal role. Empowering Solana’s liquid staking with JTO tokens In a bid to address challenges posed by Maximum Extractable Value (MEV) on Solana, Jito Labs, backed by the Jito Foundation, has taken a proactive approach by launching a governance token, called JTO, for the Jito Network. 1. Introducing $JTO: A New Era of Community-Led Governance. The Jito Foundation is thrilled to unveil the $JTO govern...