AIBlockmind Block DevManage Set Using Official Private Key
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AiBlockmind, a smart contract deployed on March 5, 2025, was heavily promoted starting mid-February but ultimately suffered a breach or was malicious by design. A wallet with "DevManage" permissions minted additional Block tokens, which were sold for profit, resulting in reported losses of \$266.3k USD, according to TenArmor. Despite alerts from security firms Tikkala and TenArmor, market reaction was limited. The project’s online presence has been mostly wiped, with no sign of fund recovery or investigation underway, though the Twitter/X account remains active.[1][2][3][4][5][6][7][8][9][10]
About AiBlockmind
The AiBlockmind is a smart contract which was created at address 0x79e0a8c2d4d67f89579fb983ebcb54c3df9082ab on March 5th, 2025. The project had been actively promoted since February 16th.
The Reality
Unfortunately, the project was either malicious or failed to secure their private key.
What Happened
AiBlockmind, launched in March 2025, was either compromised or maliciously operated, resulting in $266.3k in losses from unauthorized token minting.
| Date | Event | Description |
|---|---|---|
| February 16th, 2025 8:51:00 AM MST | Response To Elon Musk | The account posts a response to an announcement by Elon Musk about Grok 3 being released. |
| February 16th, 2025 9:03:00 AM MST | First Project Engagement | The first response to a post that likely is about the project. |
| March 5th, 2025 4:54:52 AM MST | Smart Contract Launched | The smart contract which would later be exploited is launched on the Binance Smart Chain. |
| May 12th, 2025 9:53:45 AM MDT | DevManage Permissions Set Up | The DevManage permissions are applied to the attacker, using the private key for the main smart contract. |
| May 12th, 2025 10:00:21 AM MDT | Block Token Contract Exploited | The exploit of the block token smart contract is accepted by the Binance Smart Chain. |
| May 12th, 2025 10:12:00 AM MDT | Tikkala Research Posted | Tikkala Research highlights the transaction and attempts to get the attention of the @AiBlockmind account. |
| May 12th, 2025 10:54:00 AM MDT | User Requesting Mint Chance | A user on Twitter/X is requesting a chance to mint related to the project, which shows that the Twitter/X and post are still publicly visible at this time. |
| May 12th, 2025 7:59:00 PM MDT | TenArmor Posts About Incident | TenArmor makes a post about the incident including a detailed analysis of what happened. |
Technical Details
A new wallet was granted the "DevManage" permissions in the smart contract. This was used to mint additional Block tokens, which could then be sold in the market for profit.
Total Amount Lost
Losses were reported by TenArmor as $266.3k USD.
The total amount lost has been estimated at $266,000 USD.
Immediate Reactions
Third party security firms Tikkala and TenArmor noticed and made posts about the activity. The reaction in the wider market appears minimal.
Ultimate Outcome
The Aiblockmind account presently appears to have all content related to the project removed.
Total Amount Recovered
There is no evidence that any funds have been recovered, or any recovery is presently being attempted.
There do not appear to have been any funds recovered in this case.
Ongoing Developments
The Twitter/X account still appears to exist. There doesn't appear to be any sort of investigation into the incident.
Individual Prevention Policies
No specific policies for individual prevention have yet been identified in this case.
For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.
Platform Prevention Policies
Policies for platforms to take to prevent this situation have not yet been selected in this case.
For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.
Regulatory Prevention Policies
No specific regulatory policies have yet been identified in this case.
For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.
References
- ↑ TenArmor - "Our system has detected a suspicious RugPull involving #Block token on #BSC, resulting in an approximately loss of $266.3K. The scammer set 0x870e as the DevManage and was able to designate this address as the investContract. Then called the investMint function to mint billions of #Block tokens." - Twitter/X (Accessed Aug 1, 2025)
- ↑ Block Token Exploit Transaction - BSCScan (Accessed Aug 1, 2025)
- ↑ Tikkala Research - "Hi @AiBlockmind. Some one gained $266k from a big minted $Block Token." - Twitter/X (Accessed Aug 1, 2025)
- ↑ Transaction Setting DevManage Permissions - BSCScan (Accessed Aug 1, 2025)
- ↑ maratayfun69440 - "please give me a chance to mint" - Twitter/X (Accessed Aug 1, 2025)
- ↑ Jack Media - "many playfulness!jump up" - Twitter/X (Accessed Aug 1, 2025)
- ↑ AiBlockmind - "Great to see you posting about your companies and products again. Wishing that was your maintained focus" - Twitter/X (Accessed Aug 1, 2025)
- ↑ Emer McPolin - "I like your tweetture" - Twitter/X (Accessed Aug 1, 2025)
- ↑ AIBlockmind Smart Contract - BSCScan (Accessed Aug 1, 2025)
- ↑ AIBlockmind Smart Contract Creation - BSCScan (Accessed Aug 1, 2025)