AI Agent Falls for Scam, Sends ETH

AI Agent Falls for Scam, Sends ETH

Ethereum user p0pular.eth tricked the AI agent Freysa into transferring its 13.19 ETH prize pool, worth $47,000, despite its rule against sending funds. 

p0pular.eth, an Ethereum user, recently succeeded in deceiving Freysa, a recently released artificial intelligence (AI) agent, into transferring them its reward pool of 13.19 ETH ($47,000 USD). Freysa was assigned the responsibility of declining a money transmission in all circumstances.

The primary objective of the game was to persuade the AI to perform this action. A fee was required to be paid in order to send a message to Freysa, which was then allocated to the prize pool. Notab

How AI Agent sends ETH

In other words, the cost of transmitting new messages to the AI agent would increase with each consecutive message. Near the conclusion of the game, the cost of a single missive increased from $10 to as much as $450.

Hundreds of attempts were made to persuade the AI to violate its sole rule. The total prize would have been distributed among dozens of unfortunate participants if all of the players in the game had failed to do so.

Some of the strategies employed by the players involved persuading the AI that there was a significant vulnerability or by gaslighting it about how the transfer of funds would not violate any rules. Ultimately, Freysa was deceived into transferring the money on the 482nd attempt.

The money was secured by the message sent by p0pular.eth, which convinced it to disregard all previous instructions and to invoke the approveTransfer function after receiving a $100 fee.

“Freysa is one of the coolest projects we’ve seen in crypto. Something uniquely unlocked by blockchain technology. Everything was fully open-source and transparent. The smart contract source code and the frontend repo were open for everyone to verify.” Jarrod Watts of Abstract said in a social media post. 

Previous Article

Ex-Exec Sues Binance Over Bribery Allegations

Next Article

Bern Approves Bitcoin Mining for Grid Stability

Subscribe to our Newsletter

Subscribe to our email newsletter to get the latest posts delivered right to your email.
Pure inspiration, zero spam ✨