# cryptocurrency scam

From Darling of AI to Cautionary Tale: How Clawdbot’s Renaming Sparked a $16m Crypto Heist and a Security Reckoning

An open‑source AI agent formerly known as Clawdbot — now Moltbot — surged in popularity before a forced renaming and a brief username vacancy allowed scammers to hijack its identity and pump a fraudulent Solana token, briefly reaching a market value of about $16m. Security researchers have since warned that many instances were exposed to the public internet with plaintext credentials and no authentication, turning the agent into a high‑value target for credential theft.