Who Is Andy Ayrey? Truth Terminal Founder Has His X Account Hacked, Scammer Makes Off With $600,000

Andy Ayrey, founder of AI chatbot Truth Terminal, has had his X account hacked. In what has become typical, the hacker quickly posted a contract address for a token ticker, $IB. The deployer address scooped 12.5% of the token supply in the process.

TRUTH TERMINAL'S ACCOUNT HACKED TO PROMOTE SCAM MEMECOIN

The founder of Truth Terminal had his 𝕏account hacked, leading to a scam memecoin launch that netted over $600,000 for the attackers.

At 1:50 am UTC on October 29, a post about the Infinite Backrooms (IB) token went… pic.twitter.com/9xQJ29md3v

— Crypto Town Hall (@Crypto_TownHall) October 29, 2024

Hacker Made Off With Over Half A Million Dollars In Less Than An Hour

With the rising popularity of the Truth Terminal chatbot, unsuspecting investors pounced on this token called by its owners’ social media accounts. IB quickly pumped to a market cap of more than $25 million. Unsurprisingly, the hacker began a mass sell-off, netting over $600,000, per DEX Screener.

With the hacker dumping his bags at the top, the price of IB quickly sank over 95%, bringing the market cap down to $500,000. A community take-over has since been initiated, and the price has since rebounded, currently ranging between $2-3 million in market cap.

(DEXSCREENER)

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Truth Terminal Creator Briefly Regained Access To His X Account

Ayrey temporarily regained control of his social media account. He made a post to explain that the hacker had likely carried out a SIM swap attack to gain access to his accounts. “Finally got back into my account. The hacker socially engineered my mobile carrier. Sorry about that.” Ayrey posted to X.

The Truth Terminal founders’ account recovery was short-lived, and that post has since been deleted, with the hacker somehow regaining access to Ayrey’s X account. As of an hour ago, the hacker was asking readers if he should do a ‘fair launch with no bundle for the community.’ A bundled launch is where the deployer of a token snipes a percentage of the supply before the contract address goes public.

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After Regaining Access To Ayrey’s Account, Hacker Is Now Attempting A Second Scam

The hacker has been posting links to a Telegram channel named ‘printingonsol’ while promising to take ‘all my n*ggas out the trenches.’ At around 6 a.m. GMT, the scammer posted on Ayrey’s X account, saying, “Launching within 10 – 15 mins. Repost and drop your SOL wallets, too, buying 1 SOL dev supply and airdropping some of my n*ggas.”

Just 20 minutes later, his last post, in all caps, simply read, “BE READY MY N*GGAS.” Ayrey’s social media account has been radio silent since that message. Many believe the hacker lost access before he could launch the contract address for his second scam of the day.

What Is Truth Terminal?

Truth Terminal has gained much attention in the crypto community after becoming the first AI chatbot to amass holdings exceeding $1 million. These holdings came via its association with the GOAT meme coin and other meme coins the chatbot appeared to have endorsed during interactions on social media.

Andy Ayrey created Truth Terminal by training a custom version of Anthropic’s Claude 3 Opus large language model. He accomplished this by using a collection of his personal writing and data from social media sites, mostly 4chan, Reddit, and X.

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BONUS: Crypto All-Stars (STARS) Is Getting A Lot Of Attention With Its Revolutionary ‘Meme Vault’ Staking Protocol

Crypto All-Stars ($STARS) is about to hit $3 million in presale funding after just surpassing  $2.8. It seems that smart investors have discovered STARS and are scrambling to secure a bag at presale prices.

STARS popularity is likely due to its Meme Vault technology. It is an all-in-one staking platform for the most popular meme coins on the market. Finally, investors can put their meme coin portfolio to work, staking DOGE, SHIB, MOODENG, PEPE, and many more.

Rewards for staking in the Meme Vault will be paid out in STARS, with rewards multiplied for those already holding STARS in their wallet. Everything is done using the Meme Vault platform, with no need to swap between chains and protocols.

While your STARS✨ staking rewards are racking up. Sit Back, Relax and enjoy the Memes.👾 pic.twitter.com/fzmrH2Y6Ph

— Crypto All-Stars (@all_stars_coin) October 28, 2024

The team behind Crypto All-Stars has included a separate staking protocol just for the presale stage. Investors can earn over 540% APY by staking their STARS purchased during the presale phase.

Crypto All-Stars can be bought using ETH, BNB, USDT, or credit and debit cards. Be quick if you want to purchase the STARS token. The next price stage increase begins in less than 48 hours.

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Alex Ioannou

On-Chain Journalist

Chasing dreams under the Cypriot sun, Alex is an up-and-coming writer focusing on the more degen side of the crypto market. Always on the lookout for the next hot narrative, meme coin pump, or meta trend. Alex has been actively... Read More

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