Truth Terminal Hack: $600,000 Stolen as Scammers Hijack AI Creator’s Account

The Scam Unfolded: Fake Token Promotion

October 29th Ayrey’s hacked X account promoted a new meme token “Infinite Backrooms (IB)” claiming it was a legit investment opportunity. The post showed the token’s contract address and within minutes the token’s market cap went to $25 million. The rush was fueled by Ayrey’s credibility as many users trusted Truth Terminal’s history of good content on AI and digital insights.

But flags started to appear. According to Bubblemaps the hacker bought 12.5% of the 1 billion IB tokens for $38,000 just before the public announcement. Minutes later they liquidated their position making a profit of over $560,000 from an initial investment. Within 45 minutes they sold all their tokens and IB’s market cap went to zero and Ayrey’s followers lost a lot of money.

Aftermath and Community Response

Ayrey set up a temporary burner account to inform his followers about the hack. He said his original Truth Terminal wallet was secured with a hardware key and shared a video to prove his identity to regain their trust. But despite his efforts his original Truth Terminal account is still compromised and the hacker is posting suspicious content that is not his usual tone and style.

The hacked account is now promoting another token “Printil Sol” and is asking followers to share their Solana wallet addresses for a fair launch and airdrop. This has raised concerns as followers are now hesitant to share any sensitive information to these suspicious posts.

The incident has sparked a lot of speculation in the online community with some followers linking the hack to memecoin promoter Sahil Arora. But that’s unverified and the investigation is still ongoing.

🚨 HACK ALERT

A hacker recently exploited the X account of the founder of Truth Terminal, using it to promote a scam token.

This attack resulted in the theft of around $600,000 from users who were tricked into interacting with a malicious link.

— Satoshi Club (@esatoshiclub) October 29, 2024

Stay Safe Online

• Be wary of sudden promotional posts from trusted accounts.

• Always verify investment opportunities before participating.

• Don’t share wallet addresses or sensitive info to unverified accounts.

The Truth Terminal hack is a wake up call for social media users and investors to be more secure online. Hackers will keep exploiting popular accounts so stay aware to avoid getting scammed.