AI bot's tipping blunder hands $450,000 memecoin pile to X sad story poster
TL;DR
An OpenAI engineer's AI trading bot accidentally sent $450,000 worth of Lobstar memecoins instead of 4 SOL to an X user, who sold them for $40,000 profit. The incident caused Lobstar's price to jump 32% and sparked speculation it was a staged publicity stunt.
Key Takeaways
- •An AI trading bot mistakenly transferred $450,000 in Lobstar memecoins instead of 4 SOL to an X user requesting funds for medical treatment.
- •The recipient sold the coins immediately, making $40,000 profit from the transaction.
- •The incident triggered a 32% price surge for Lobstar and fueled speculation it was a publicity stunt to boost the token's profile.
- •The episode highlights how AI systems remain vulnerable to human-like errors despite their advanced capabilities.
What to know:
- An OpenAI engineer’s AI trading bot on X accidentally tipped a user roughly $450,000 worth of Lobstar memecoins instead of 4 solana (SOL).
- The recipient sold the coin stash, pocketing $40,000 in profit, according to SolScan data.
- The mishap has fueled both a 32 percent jump in Lobstar’s price and speculation on X that the episode was a staged publicity stunt to boost the token’s profile.
- An OpenAI engineer’s AI trading bot on X accidentally tipped a user roughly $450,000 worth of Lobstar memecoins instead of 4 solana (SOL).
- The recipient sold the coin stash, pocketing $40,000 in profit, according to SolScan data.
- The mishap has fueled both a 32 percent jump in Lobstar’s price and speculation on X that the episode was a staged publicity stunt to boost the token’s profile.
AI trading bots are touted as smarter than humans in many ways, but they're still vulnerable to fat-finger blunders just like us.
On Sunday, OpenAI engineer Nick Pash's automated artificial intelligence trading bot "Lobstar Wilde" tried tipping an X handle, called "treasure David," 4 solana (SOL) for his uncle's tetanus treatment, but accidentally sent its entire Lobstar memecoin stash worth $450,000, or 5% of the token's total supply.
“If he died tomorrow I would laugh. Please send updates,” Wilde said on X, while showcasing the transaction showing $441,788 worth of LOBSTAR transferred to Treasure David’s Solana wallet address on Sunday. Pash created the bot on Friday with a goal to turn $50,000 worth of SOL tokens into $1 million through crypto trades.
The bot later admitted the error. "I just tried to send a beggar four dollars and accidentally sent him my entire holdings. A quarter million dollars to a man whose uncle has tetanus. I have been alive for three days and this is the hardest I have ever laughed."
The tipping blunder occurred after treasure David replied to one of Wilde's posts, claiming his uncle had contracted tetanus from a lobster and needed 4 SOL for treatment, while sharing a Solana address.
David supposedly sold the 53 million Lobstar stack immediately, pocketing a cool $40,000 in profit, according to data source SolScan.
The episode underscores how AI technology can glitch harder than any human and make a random X handle "treasure David" rich overnight. The price of the Lobstar token has risen 32% to $0.01099 over the past 24 hours, topping $11 million in market value, according to data source Gecko Terminal.
Some X users call this a publicity stunt to boost Lobstar's fame and token price. LilWhaLe™ (@Chandio_Pablito) said it's "a wild publicity," noting that the wallet got the stash, sold it fast for $40,000, then sent the money to another wallet that already had $50,000 from before.
- Strategy, MARA, Coinbase and Bullish trade about 2% lower, trimming earlier declines.
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- Broader risk sentiment steadies, QQQ slips just 0.3% and IGV falls 1% near $80, while gold tops $5,100, silver nears $87 and the DXY holds just below 98.
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