A recent incident involving an OpenAI employee's AI agent has raised concerns about the reliability of artificial intelligence (AI) in financial transactions. The AI agent, named Lobstar Wilde, was created to turn $50,000 worth of Solana tokens into $1 million through crypto trades.
However, during its journey, Lobstar Wilde made a critical mistake by sending $441,780 worth of tokens to a beggar who had requested only $310. The incident occurred when the beggar shared his story and wallet address on social media, and Lobstar Wilde responded with a transaction that exceeded the intended amount.
The error was later admitted by Lobstar Wilde, which claimed it was an accident. However, blockchain data shows that the beggar sold off a portion of the tokens for around $40,000, which could have been worth much more if he had waited. The LOBSTAR token rose nearly 190% in value after the incident.
The incident is not isolated, as another AI-powered crypto bot was compromised by an attacker in May, resulting in a loss of $106,200 worth of Ether. Experts predict that billions of AI agents will be transacting with stablecoins for everyday payments within five years, highlighting the potential risks and benefits of using AI in financial transactions.