- A hacker breached Andy Ayrey’s X account, promoting the fraudulent Infinite Backrooms (IB) token.
- Ayrey’s account remains compromised, raising ongoing concerns about security vulnerabilities on X.
Truth Terminal founder Andy Ayrey faced a major security breach on his X account. The hacker used Ayrey’s account to promote a fraudulent token, raking in over $600,000 before investors realized the scam. The token, named Infinite Backrooms (IB), quickly amassed hype and briefly reached a market cap of $25 million, driven by Ayrey’s influence in the crypto space.
Truth Terminal, an AI-driven bot on X, has gained significant traction in the crypto community. It made headlines by amassing holdings exceeding $1 million through donations and endorsements of popular memecoins. Including the “GOAT” token, which surged in popularity. The bot operates on a fine-tuned version of Claude 3 Opus, developed by Ayrey using personal writings and content from platforms like 4chan and Reddit.
Hacker Exploits Account to Promote Scam Token
The scheme began when the hacker, exploiting Ayrey’s account, posted the contract address for IB. The scammer’s account reportedly acquired 12.5% of the token supply before the announcement, costing around $38,000.
The token’s market cap surged as unsuspecting users bought in, leading to rapid profits for the hacker. Within 45 minutes, the hacker liquidated their IB holdings, netting $602,500 and causing the token’s price to collapse by 98%. The token’s market cap fell to $500,000 after the sell-off.
Afterward, Ayrey temporarily regained access to his account. He explained in a now-deleted post that the hacker accessed his account through a SIM swap attack, compromising his mobile carrier. However, Ayrey’s account continued to exhibit unusual activity, raising doubts about its complete security. Ayrey later created a burner account to keep followers informed, reassuring them that the original Truth Terminal wallet was secured with a hardware key.
Despite Ayrey’s efforts to regain control, the compromised X account continued to promote dubious tokens and links to a Telegram group. The hacker posted promises of airdrops and additional token launches, urging followers to share their Solana wallet addresses, raising security concerns.
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