An automated crypto trading bot named Lobstar Wilde, developed by Nik Pash, has sparked controversy after “accidentally” transferring all memecoin holdings worth approximately $250,000 to a X user claiming they needed money for their uncle’s medical treatment. Initially, the bot was provided with a wallet containing $50,000 worth of SOL for autonomous trading. However, when responding to a request for 4 SOL, the bot sent 5% of its total Lobstar token supply. The recipient quickly sold 53 million tokens, earning about $40,000 due to low liquidity, even though the token’s value later surged to over $420,000.
The incident has sparked debate about the risks of AI agents in digital asset management, especially amid the volatile wave of AI memecoins. Nevertheless, the bot continues to operate, even rewarding tokens to users who complete real-world challenges.
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