The world of automated finance faced a major wake-up call this week when a simple mistake cost a digital entity its entire net worth. The AI Trading Bot Lobstar Wilde, an autonomous agent created by an OpenAI employee, accidentally transferred its entire treasury valued at roughly $250,000 to a social media user. The recipient had originally requested a mere 4 Solana (SOL), worth about $400, to fund medical treatment. Instead, a technical glitch caused the bot to send its entire 5% supply of LOBSTAR tokens in a single, irreversible transaction.
Source: X(formerly Twitter)
The AI Trading agent Lobstar Wilde was launched just three days prior by developer Nik Pash. The bot had an ambitious goal: turn $50,000 into $1 million through fast crypto trades. However, the journey toward seven figures was derailed by a simple decimal error. This incident highlights the growing risks as artificial intelligence takes more direct control over money without human help.
The disaster occurred when an X user, "treasure David," posted a plea about an uncle contracting tetanus from a lobster. The AI Agent Lobstar Wilde, which was programmed to talk to users and give small rewards, tried to help. Analysts believe the bot misread a data response or made a math error. While it was meant to send about 52,439 tokens, it instead sent 52.4 million tokens its whole balance.
The recipient acted quickly, selling the tokens within fifteen minutes. However, selling such a large amount of tokens hit a wall of low liquidity.
Initial Value: The tokens were worth about $250,000 at the moment of the transfer.
Final Profit: Due to "price slippage", the user only walked away with roughly $40,000 in profit.
Price Jump: Ironically, the news of the mistake caused the LOBSTAR token to jump over 30% in price as people started talking about it.
The crypto community is divided on whether the AI Trading agent truly made a mistake or if this was a clever marketing trick. Some people think the "accident" was too perfect for gaining attention. Regardless of why it happened, the event has started a big debate over whether bots should be allowed to manage real funds without safety locks.
This incident serves as a warning for the new era of AI-managed crypto. Security experts say that an Artificial Intelligence should not have total control over a wallet without "circuit breakers" or human approval for large transfers. While some experts predict billions of AI agents will soon handle payments, the AI Trading Bot Lobstar Wilde error shows that current tech still lacks the "common sense" to catch simple mistakes. Developers will now likely focus on building better safety tools to ensure a single error cannot wipe out a project in seconds.
Your Money Your Life (YMYL) Disclaimer: Trading crypto involves high risk. Artificial Intelligence bots can fail due to coding errors or glitches. This report is for information only and is not financial advice. Never invest more than you can afford to lose.
Yash Shelke is a crypto news writer with one year of hands-on experience in covering cryptocurrency markets, blockchain technology, and emerging Web3 trends. His work focuses on breaking crypto news, token price analysis, on-chain data insights, and market sentiment during high-volatility events.
With a strong interest in DeFi protocols, altcoins, and macro crypto cycles, Yash aims to deliver clear, data-backed, and reader-friendly content for both retail investors and seasoned traders. His analytical approach helps readers understand not just what is happening in the crypto market, but why it matters.