$48 000 USD

JANUARY 2025

GLOBAL

LAURA AI

DESCRIPTION OF EVENTS

With a token first launched December 30th, 2024, Laura AI reports to represent an advanced, AI-powered crypto trading bot that provides automated trading, smart strategies, and full control to users via a user-friendly platform accessible on both web and mobile. The bot utilizes 19 proprietary trading models, each optimized for different market conditions, to maximize profits while minimizing risks. With secure and transparent operations, Laura AI offers data-driven insights, strategic trading models, and automated execution to simplify trading for users. The platform is backed by a team of experts in blockchain, AI, finance, and more, and it fosters a community-driven ecosystem. The LAURA token enhances trading power, offering exclusive benefits. Users can start trading by interacting with the bot on Telegram, where Laura handles market analysis and trade execution.

 

Laura AI is an AI agent designed to assist cryptocurrency users and communities, functioning like a human friend with a focus on providing insights, launching tokens, and facilitating interactions. It features a "degen-capable" machine learning model that can autonomously launch tokens, engage in conversations about the market, trends, and the current meta, as well as conduct research based on both on-chain and community data. Laura AI can also make market conclusions, trade tokens on behalf of users, and communicate through voice and text on multiple platforms.

 

The LAURA token was exploited due to a vulnerability in its "removeLiquidityWhenKIncreases" function, which causes a decrease in the Uniswap pair balance when the constant K (x * y = K) increases. The hacker manipulated this by exchanging a large amount of WETH for LAURA tokens and then adding some of both LAURA and WETH to the Uniswap pair to increase K. Afterward, they called the "removeLiquidity" function, which triggered a decrease in the pair's balance. The hacker then exchanged all their LAURA tokens back to WETH, taking advantage of the drop in K and receiving much more WETH than they initially spent.

 

This exploit resulted in a total loss of $48k.

 

"The last few days have been quite intense for us. After the exploit we managed to get back on our feet. We even increased the audience a bit thanks to it. Currently, we are launching Agent Ai on Twitter, which in the first phase will respond to messages and will interact with other users autonomously. We are working on improving our current ML model. In the next phase we will expand the agent with amazing features. Thank you for your patience, and support!"

 

Explore This Case Further On Our Wiki

Laura AI, with a token launched on December 30, 2024, promises an AI-powered crypto trading bot designed to provide automated trading, smart strategies, and full user control through a platform accessible on both web and mobile. It claims 19 proprietary trading models to maximize profits while minimizing risks. The platform also offers AI-driven insights, strategic models, and secure operations, and claims to be backed by a team of experts in blockchain, AI, and finance. The LAURA token enhances trading power and offers exclusive benefits. After a recent exploit resulting in a $48k loss, Laura AI recovered and expanded its audience. They launched Agent AI on Twitter, which autonomously responds to messages and interacts with users. Future plans include adding a visual representation of Laura's personality and connecting her to an on-chain machine learning model.

Sources And Further Reading

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