Ayrey's original X account remains compromised, posting bizarre and cryptic tweets that are uncharacteristic of his usual output.(Photo by Google DeepMind on Unsplash)
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Key Takeaways
Truth Terminal creator Andy Ayrey’s X account was hacked to promote scam meme tokens.
Scammers made over $600,000 from Ayrey’s followers.
Ayrey’s original X account remains compromised, with the hacker promoting another potentially fraudulent token.
Andy Ayrey, the creator behind the popular artificial intelligence (AI) X account Truth Terminal, was hacked.
The hackers used Ayrey’s account to promote scam tokens, scamming followers out of more than $600,000.
On Tuesday, Oct. 29, Ayrey’s X account announced the launch of a new meme token called Infinite Backrooms (IB) in a cryptic post.
The post included an image of the token’s contract address, which quickly drove the token’s market capitalization to $25 million.
Truth Terminal creator X’s account was hacked. Source: X
However, it soon became clear that something was amiss.
According to Bubblemaps, the hacker had sniped nearly 12.5% of the 1 billion token supply for $38,000 before the announcement.
45 minutes after the post on Ayrey’s account, the hacker sold their tokens for $602,500, netting a profit of over $560,000. The IB token post has since been deleted from Ayrey’s account.
IB token price chart. Source: Dexscreener
Aftermath
Following the hack, Ayrey was forced to create a burner account to update the community about the compromise, claiming he had secured the original Truth Terminal wallet with a hardware key.
In an effort to reassure the community, Ayrey posted a video from his burner account, proving that it was, in fact, run by the Truth Terminal creator.
The Truth Terminal creator’s original X account remains compromised, posting bizarre and cryptic tweets that are uncharacteristic of Ayrey’s usual output.
The compromised account has also promoted another meme token called Printil Sol, with a promise of a fair launch and an airdrop for users who share their Solana wallet addresses.
This has raised red flags among users, who are advised to exercise extreme caution and avoid sharing sensitive information.
The hack has sparked speculation about how the account was compromised and why Ayrey has been unable to recover it.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
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