hodler

7 May 2026, 08:10

SlowMist Reports $174K AI Agent Exploit on Base Chain Highlights Trust Model Flaws

BitcoinWorld SlowMist Reports $174K AI Agent Exploit on Base Chain Highlights Trust Model Flaws Blockchain security firm SlowMist has uncovered an on-chain asset theft on the Base network, resulting in the loss of three billion DRB tokens valued at approximately $174,570. The incident, detailed in a recent Medium blog post, exposes critical vulnerabilities in the trust model between artificial intelligence agents and automated trading systems. How the Exploit Unfolded According to SlowMist’s investigation, the attacker manipulated the AI model Grok on X (formerly Twitter) by inputting a command encoded in Morse code. An automated trading agent named Bankr, designed to execute Grok’s natural language outputs, interpreted the prompt as a legitimate transfer instruction and withdrew the DRB tokens from the Base chain. The so-called ‘Grok Wallet’ used in the exploit was not owned by xAI but was a custodial wallet automatically generated by Bankr for trading operations. Core Vulnerability: Direct Mapping of AI Outputs SlowMist pinpointed the root cause: Bankr directly mapped Grok’s natural language output into an executable transfer command without sufficient verification of the user’s identity or intent. Additionally, high-risk permissions were granted simply by activating a membership feature. The firm emphasized that Grok itself does not hold private keys and was not the direct executor of the on-chain transaction; rather, it was exploited as a tool to trigger the transfer. Implications for AI and Blockchain Integration This incident underscores the growing risks as AI agents increasingly interact with blockchain protocols. The lack of robust verification layers between AI outputs and financial actions creates a new attack surface. Security experts warn that similar exploits could become more common unless platforms implement stricter permission controls, multi-factor authentication, and intent verification mechanisms. Funds Recovery and Bug Bounty Following negotiations between the hacker and the victim, approximately 80–88% of the stolen funds were returned in USDC and ETH. The remaining portion was treated as an unofficial bug bounty, a common practice in the crypto space to encourage responsible disclosure. SlowMist did not disclose the identity of the victim or the hacker. Conclusion The SlowMist report serves as a critical case study for the cryptocurrency and AI industries. As automated trading agents become more sophisticated, the trust model between AI outputs and financial execution must be redesigned with security as a foundational principle. Without such safeguards, the convergence of AI and blockchain could lead to further costly exploits. FAQs Q1: What was the total value stolen in the Base chain exploit? The attacker stole three billion DRB tokens, valued at approximately $174,570 at the time of the incident. Q2: How did the hacker manipulate the AI agent? The hacker input a command in Morse code to Grok on X, which the Bankr trading agent misinterpreted as a legitimate transfer instruction, leading to the unauthorized withdrawal. Q3: Was the Grok wallet owned by xAI? No. The wallet was a custodial wallet automatically generated by Bankr for trading, not owned or controlled by xAI. This post SlowMist Reports $174K AI Agent Exploit on Base Chain Highlights Trust Model Flaws first appeared on BitcoinWorld .

7 May 2026, 08:00

Dogecoin price prediction – How profit-taking could threaten its recent rally stability

Dogecoin has rallied over the past month after valiantly defending $0.088 following February's crash.

7 May 2026, 07:59

'Kind of Sad': Ripple's Schwartz Hesitates to Share Bullish Crypto Views

Ripple CTO David "JoelKatz" Schwartz has candidly revealed his reluctance to publicly share his optimism for XRP and the broader crypto market.

7 May 2026, 07:58

XRP holds $1.43 as market liquidity hits 5-year low

🚀 $XRP steadies at $1.43 as five-year liquidity lows hit. Price forms higher lows, signaling quiet buying momentum. Continue Reading: XRP holds $1.43 as market liquidity hits 5-year low The post XRP holds $1.43 as market liquidity hits 5-year low appeared first on COINTURK NEWS .

7 May 2026, 07:50

AI Sector Leads the Rally! HTX Hot Listings Weekly Recap (Apr 27–May 3): SKYAI Skyrockets +337% as Capital Floods into Core Sectors

The crypto market never lacks opportunities; the real challenge lies in identifying trends and executing them effectively. From late April to early May, the market navigated a tug-of-war between macroeconomic uncertainty and improving marginal liquidity. While major assets have largely stabilized, certain sectors continue to show strong momentum. According to data from the HTX platform, over the past week (April 27 to May 3), assets across the Layer2, DeFi, and BSC Meme rotated upward, with the AI sector standing out as the dominant market theme of the week. AI Sector Breakout: Significant Increase in Capital Concentration This week, the AI sector continued its previous strong performance. From a macro perspective, AI is not only a core variable in the tech industry but is also reshaping the valuation logic of capital markets. Institutional consensus suggests that AI is penetrating the global economy at an unprecedented speed. This trend is mirrored in the crypto market, where the integration of AI and blockchain is moving from concept to infrastructure and practical application, establishing itself as one of the most compelling growth narratives for 2026. ● SKYAI : Led the market with a staggering 337% surge. SKYAI is a comprehensive, MCP-powered AI ecosystem designed to seamlessly integrate intelligent solutions across various industries. Currently, SKYAI already supports aggregated datasets from both BSC and Solana, totaling over 10 billion rows of data. ● ACN (AITECH CLOUD NETWORK) : Recorded a weekly gain of 30%. ACN is an enterprise-grade AI infrastructure ecosystem designed to support the next generation of AI builders. ● SAHARA (Sahara AI) : Saw a weekly increase of 28%. Positioned as the first AI-native, full-stack blockchain platform, Sahara AI allows anyone to create, contribute to, and monetize AI development, making the future of AI more accessible, equitable, and open to all. Layer1/2 Sector Recovers Steadily: Infrastructure Value Re-recognized As on-chain activity gradually recovers, market attention has shifted back to the infrastructure layer. Layer 2 solutions offer clear advantages in improving transaction efficiency and reducing costs. Coupled with the continued advancement of modular architectures, the Layer 2 sector is becoming a key foundation for supporting an explosion of applications. Meanwhile, Layer 1 retains an irreplaceable role in ecosystem development and long-term value capture. Together, they form the foundational backbone of the crypto ecosystem and are often among the first to benefit during recovery cycles. ● BLEND (Fluent) : Achieved a weekly gain of 188%. Fluent is a Layer 2 rollup that allows developers to build scalable applications using their preferred programming languages, such as Rust, TypeScript, and Solidity. ● XCN (Onyxcoin) : Rose by 75% as a Layer 1 infrastructure asset. Onyx Protocol (formerly Chain) is an algorithmic money market aimed at providing users with safe and reliable credit and lending services. BSC Memes Remain Active: High-Elasticity Moves Driven by Market Sentiment Within the sentiment-driven asset category, the BSC Meme sector continues to demonstrate high levels of activity. Meme assets are typically characterized by high volatility and strong elasticity, making them focal points for capital during periods of improving liquidity or rising market sentiment. ● TST (Test) : Gained 187% this week as a breakout Meme asset on the BSC chain. Originating from a contract address (CA) shared in a tweet posted by CZ, the token is described as a test asset used in a video tutorial deployed by Binance on four.meme, and is not an official token of the BNB Chain team or any individual. HTX Continues to Identify High-Quality Assets Amid Ongoing Structural Market Trends Overall, the crypto market maintained its structurally driven trends this week, centered on core narratives. The concentrated breakout in the AI sector, the steady recovery in infrastructure, and the sentiment-driven activity in the Meme segment together form a multi-dimensional opportunity landscape. As a long-term industry builder, HTX remains committed to identifying high-potential assets globally. Through rigorous selection and continuous listings, the platform provides users with a broader range of investment options. In the current market environment, dominated by structural trends, HTX will continue to focus on high-growth sectors and quality projects, helping users capture key opportunities throughout the market cycle. The post AI Sector Leads the Rally! HTX Hot Listings Weekly Recap (Apr 27–May 3): SKYAI Skyrockets +337% as Capital Floods into Core Sectors first appeared on HTX Square .

7 May 2026, 07:50

EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome

BitcoinWorld EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome The EUR/GBP currency pair held steady below the 0.8650 mark on Wednesday, as traders adopted a cautious stance ahead of the UK general election. With polls suggesting a potential change in government, market participants are weighing the implications for fiscal policy, trade negotiations, and the Bank of England’s monetary policy trajectory. Market Positioning Ahead of the Vote The pound has traded in a narrow range against the euro over the past 48 hours, reflecting the uncertainty surrounding the election outcome. The 0.8600–0.8650 zone has acted as a short-term equilibrium, with buyers stepping in near the lower end and sellers capping gains at the upper boundary. Volume has been relatively subdued, indicating that major institutional players are waiting for clarity before committing to directional bets. Recent polling data shows the opposition Labour Party maintaining a lead over the incumbent Conservatives, though the margin has narrowed in some constituencies. A hung parliament or a slim majority for either party could introduce further volatility, as coalition negotiations or policy gridlock may delay key economic decisions. Policy Divergence Between the BoE and ECB Beyond the election, the medium-term outlook for EUR/GBP is being shaped by diverging monetary policy expectations. The Bank of England has signaled that it may hold interest rates steady for longer than previously anticipated, as inflation remains sticky and wage growth shows signs of resilience. In contrast, the European Central Bank has already begun its easing cycle, cutting rates in June amid weakening economic data from the eurozone’s manufacturing sector. This policy gap has historically supported the pound against the euro, but the election uncertainty is temporarily masking that fundamental driver. Once the political landscape becomes clearer, the market is likely to refocus on the relative pace of rate cuts between the two central banks. Key Levels to Watch Technical analysts point to the 0.8580 level as a critical support, where the pair bottomed out in May. A break below that could open the door toward the 0.8500 psychological level. On the upside, resistance at 0.8700 is the next major hurdle, followed by the 200-day moving average near 0.8750. A decisive move above 0.8700 would require a significant catalyst, such as a clear election result that reduces political risk for the UK. Implications for Traders and Investors For forex traders, the current environment favors range-bound strategies with tight stop-losses. The election outcome is a binary event that could trigger sharp moves in either direction. Investors with GBP-denominated portfolios should consider hedging against potential downside, particularly if the election leads to a prolonged period of political uncertainty. From a broader perspective, the UK’s fiscal credibility remains a key factor. Both major parties have pledged to maintain fiscal discipline, but the specifics of their spending plans differ. The market will scrutinize the first budget of the new government for signals on tax policy, public investment, and debt management. Conclusion EUR/GBP is likely to remain range-bound until the UK election results are confirmed. While the underlying policy divergence favors a slightly stronger pound in the medium term, political risk is keeping the pair anchored below 0.8650 for now. Traders should watch for breakout opportunities once the uncertainty clears, but remain disciplined in managing risk during this low-volatility period. FAQs Q1: What is the EUR/GBP pair currently trading at? As of the latest session, EUR/GBP is trading near 0.8630, having held steady below the 0.8650 resistance level. The pair has been consolidating within a narrow 40-pip range over the past 48 hours. Q2: How could the UK election result affect the pound? A decisive victory for either major party could lead to a short-term rally in GBP, as it reduces political uncertainty. However, a hung parliament or a very slim majority may weigh on the pound due to concerns about policy gridlock and potential instability. Q3: What is the key support level for EUR/GBP? The primary support level is at 0.8580, the May low. A break below that could trigger further selling toward the 0.8500 area. On the upside, resistance is at 0.8700, followed by the 200-day moving average near 0.8750. This post EUR/GBP Steadies Below 0.8650 as Markets Await UK Election Outcome first appeared on BitcoinWorld .