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AI trading bot "Lobstar Wilde" unintentionally transferred a substantial amount of coins to an X user requiring 4 SOL for medical expenses.
AI bot accidentally tips large coin stash to a X user. (AMRULQAYS/Pixabay)
Key points:
- An AI trading bot created by an OpenAI engineer on X mistakenly tipped a user approximately $450,000 worth of Lobstar memecoins instead of the intended 4 solana (SOL).
- The recipient liquidated the coin stash, earning $40,000 in profit, as per SolScan data.
- This incident has led to a 32 percent increase in Lobstar’s price and has sparked speculation on X that the event was a contrived publicity stunt to enhance the token’s visibility.
AI trading bots are often claimed to surpass human intelligence in various aspects; however, they remain susceptible to errors similar to those made by humans.
On Sunday, Nick Pash, an engineer at OpenAI, had his automated AI trading bot "Lobstar Wilde" attempt to tip an X user named "treasure David" with 4 solana (SOL) for his uncle’s tetanus treatment but inadvertently sent the entire Lobstar memecoin reserve valued at $450,000, which constitutes 5% of the token’s total supply.
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“If he died tomorrow I would laugh. Please send updates,” Wilde mentioned on X, while displaying the transaction that transferred $441,788 worth of LOBSTAR to Treasure David’s Solana wallet address on Sunday. Pash developed the bot on Friday with the aim of converting $50,000 worth of SOL tokens into $1 million through cryptocurrency trades.
The bot subsequently acknowledged the mistake. "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 error occurred after treasure David responded to one of Wilde’s posts, asserting that his uncle had contracted tetanus from a lobster and required 4 SOL for treatment, while providing a Solana address.
David reportedly sold the 53 million Lobstar coins immediately, netting $40,000 in profit, according to data from SolScan.
This incident highlights how AI systems can malfunction more dramatically than humans, resulting in a random X user named "treasure David" becoming wealthy overnight. The price of the Lobstar token surged by 32% to $0.01099 in the last 24 hours, reaching a market capitalization of over $11 million, according to data from Gecko Terminal.
Some users on X are labeling this a publicity stunt aimed at increasing Lobstar’s recognition and token value. LilWhaLe™ (@Chandio_Pablito) remarked that it is "a wild publicity," observing that the wallet received the funds, quickly sold them for $40,000, and then transferred the money to another wallet that already contained $50,000 from prior transactions.
