Key Takeaways
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.
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.
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.
Some users have even linked the hacker to the infamous celebrity memecoin promoter Sahil Arora . However, these claims remain unsubstantiated.