Hackers Exploit AI-Driven Cryptocurrency Bot Truth Terminal, Steal $600K in Meme Coin Rug Pull

Earlier this week, Andy Ayrey, the creator behind the AI-driven cryptocurrency bot Truth Terminal, suffered a major hack.

Earlier this week, a major hack occurred, affecting Andy Ayrey, the creator behind the AI-driven cryptocurrency bot Truth Terminal. Hackers gained access to Ayrey’s X (formerly Twitter) account through a SIM card swap.

This breach enabled them to orchestrate a pump-and-dump scheme, reportedly earning them over $600,000. Hackers promoted a new meme coin through Ayrey’s account, inflating its value to lure in unsuspecting buyers before cashing out, leaving investors with substantial losses.

The incident not only wiped out Truth Terminal’s extensive portfolio of meme coins, valued in the millions, but also sent shockwaves through the meme coin market, particularly impacting the Solana-based token goatseus maximus (GOAT).

According to reports, the breach was accomplished through a SIM card swap, a social engineering technique where attackers gain control of a victim’s phone number to reset passwords and access linked accounts.

Once Ayrey’s account was compromised, hackers used his credibility to boost the new meme coin.

The incident highlights the ongoing security challenges in the cryptocurrency industry, especially for digital assets like meme coins, which are heavily dependent on social media and speculative trading.

Following the hack, Truth Terminal’s meme coin goatseus maximus (GOAT) experienced a significant price decline as investor confidence was shaken, leading to a sell-off.

Over the past week, GOAT has dropped 34.5%, and in the last 24 hours, it has decreased by 7.2%. Currently priced at $0.4686, the token has fallen 48.6% from its all-time high of $0.8788, which was reached just ten days prior on October 24.

Despite the steep drop, GOAT still remains 938.4% above its all-time low of $0.04354, recorded on October 13.

This sharp decline reflects broader vulnerabilities in meme coin markets, where investor sentiment is often fragile and heavily influenced by activity on social media platforms.

The hack has eroded confidence in GOAT, highlighting the financial risks tied to security breaches within the highly volatile meme coin sector.

The event has also raised questions about the stability of assets managed by AI-powered bots like Truth Terminal, which are subject to human error and targeted attacks.

Prominent onchain investigator Zachxbt shared insights on the incident, identifying an FWOG whale—a large holder of another meme coin—as potentially involved in the hack.

Zachxbt’s analysis revealed that wallet addresses linked to the hack funneled stolen assets to various accounts, suggesting coordinated efforts to cash out the gains.

This discovery indicates a likely connection among major meme coin players or opportunistic traders who took advantage of the bot’s compromised status.

While Zachxbt's findings have provided transparency on the incident, they also underscore the risks faced by developers, even those armed with advanced AI tools.

The hack has shed light on the darker side of the meme coin ecosystem, where whales and hackers can manipulate asset prices, creating financial hardships for average investors.

GOAT’s technical landscape presents a challenging path ahead. At the current price of $0.4686, the token is facing immediate resistance levels that could limit upward movement.

Key resistance is encountered at $0.5140, followed by further levels at $0.5756 and $0.6573. On the downside, immediate support is found at $0.4223, with additional support at $0.3831 and $0.3468.

The Relative Strength Index (RSI) is at 36.83, indicating oversold conditions that may trigger a rebound if buying pressure emerges.

However, the 50-day Exponential Moving Average (EMA) at $0.5756 poses a significant resistance level, likely challenging any short-term recovery efforts.

This technical analysis suggests that GOAT may face difficulties in regaining its previous highs, and investors should proceed with caution and consider the impact of the hack on the token's value.

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