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The developer behind the AI-powered X account Truth Terminal appears to have been hacked to shill a spurious memecoin, with the attackers clearing over $600,000 from the endeavor. On Oct. 29 at 1:50 am UTC, Ayrey’s X account made a cryptic post announcing the launch of the new Infinite Backrooms (IB) token, with a picture that included the contract address for the memecoin — which sent the token rallying quickly to a $25 million valuation. However, the wallet responsible for deploying the token purchased 124.6 million IB for $38,400 at launch and sold the entirety of its holdings within 45 min…

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