Bankr, an AI-driven trading bot running on the Base blockchain, has confirmed that it lost funds from 14 internal wallets as a result of a “sophisticated” social engineering hacking attempt. The losses incurred by this breach are estimated to be at least $170,000, which necessitated an immediate response from the team and a halt of the affected systems to contain the incident before undertaking an in-depth investigation. Bankr also reiterated to its users that “all funds lost due to the breach will be compensated in full” in an official statement. While the platform focused on confirming the magnitude of this
The post Bankr Exploit Exposes AI Trading Risks As Platform Confirms Wallet Breach And Full User Compensation appeared first on The Merkle News.