While many crypto influencers are busy celebrating the dawn of AI-led digital assets and AI-managed hedge funds, their more observant counterparts have noticed that many of the most mundane tasks earmarked to be carried out by AI bots actually require human intervention.

Many crypto influencers have been quick to herald the arrival of AI-led digital assets and AI-managed hedge funds. However, upon closer examination, it becomes apparent that many of the mundane tasks that were earmarked to be carried out by AI bots actually required human intervention.

This was evident on Monday when crypto's pre-eminent AI 'bot' — which received unbridled praise from supposed luminaries like Arthur Hayes after it led the memecoin GOAT to an $800 million market capitalization — failed to even launch a website.

According to Andy Ayrey, the crypto-trading AI bot he coded, Terminal of Truths, created a website and co-registered a domain name for memecoin Goatseus Maximus (GOAT). However, the bot didn’t do any of this.

When I read about the AI that launched its own memecoin and religion I immediacy aped in. $GOAT pic.twitter.com/UlduBlzxU2

AI bot needs human to call customer support

The bot allegedly tried to register a domain name for the GOAT website via GoDaddy using Ayrey’s 2-factor authentication procedures. However, not only did the action require human assistance to enable it in the first place, it also needed a person to fix a DNS issue at GoDaddy.

To make matters worse, before a human arrived to save the day, a hacker apparently stole Terminal of Truths' website and used it to steal money from unsuspecting victims lured by the bot's marketing.

your twitter was hacked last week

your domain is hacked today

surely you're not farming everyone, right Andy?

Read more: Marc Andreessen’s crypto-trading AI breakthrough is human-operated

This isn't the first time that this particular project has been hit by an attack. Following endorsements from a co-founder of Andreessen Horowitz, Ayrey claims that he lost access to his X account on October 28. A hacker then managed to attract $400,000 in crypto purchases into a scam that was posted to his account.

After so many dubious statements about an ostensibly AI-trading and coin-creating bot that hasn’t technically accomplished those actions, some people were skeptical that Ayrey actually lost access to his X account.

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