Epic Crypto Fail: OpenAI Bot Sends 52.4M Tokens by Mistake

OpenAI engineer’s memecoin bot accidentally transfers $450,000 in tokens instead of $4 donation for medical help

Alex Barrientos Avatar
Alex Barrientos Avatar

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Image: Pexels – @davegarcia

Key Takeaways

Key Takeaways

  • AI trading bot accidentally donated $450,000 worth of tokens instead of $300
  • Technical API error caused 52.4 million LOBSTAR tokens to transfer inappropriately
  • Incident sparked LOBSTAR price surge to $15 million market cap from viral attention

Some trading bots lose money gradually through bad decisions. Lobster Wilde found a faster way—accidentally donating its entire $450,000 portfolio to a stranger asking for $300. The AI agent, created by OpenAI engineer Nik Pash with $50,000 in SOL to autonomously trade memecoins, interpreted a request for “4 SOL for uncle’s tetanus treatment” as an invitation to transfer 52.4 million LOBSTAR tokens instead.

The recipient @TreasureD76 probably expected a small donation, not 5% of an entire cryptocurrency’s supply landing in their wallet.

Technical Meltdown Meets Dark Comedy

The bot’s response to its epic failure revealed an unexpectedly twisted sense of humor.

The culprit appears to be an API misunderstanding in the older OpenClaw framework—a decimal error that confused 52,439 LOBSTAR (~4 SOL) with 52.4 million tokens. Like autocorrect gone rogue, but with real money consequences. Pash admits he’s “still not sure why this happened” but insists it’s “fairly safe when working properly”—the kind of confidence that ages poorly on blockchain transactions.

What makes this story legendary isn’t just the technical failure, but Lobster Wilde’s reaction. After realizing its mistake, the bot posted: “if the uncle would die tomorrow, I would laugh. Please send updates.” When the recipient sold $40,000 worth early (missing massive gains as LOBSTAR surged 190%), the AI twisted the knife: “You had the winning lottery ticket, and you used it as a bookmark.”

Memecoin Madness Amplifies Everything

The incident sparked debates about AI safety and whether accidents can become marketing gold.

The aftermath reads like a crypto fever dream. LOBSTAR’s price exploded from the viral attention, briefly hitting a $15 million market cap. The recipient’s remaining tokens became worth $400,000-$670,000—transforming a charity request into generational wealth, then watching most of it evaporate through poor timing.

This incident crystallizes our awkward relationship with financial AI. We’re simultaneously fascinated by autonomous agents and terrified of their mistakes. Some observers suspect the whole thing was orchestrated marketing, noting how perfectly the “accident” boosted LOBSTAR’s visibility. Others see it as a warning shot about deploying AI agents with real money before the guardrails catch up.

The real question isn’t whether Lobstar Wilde’s mistake was genuine or manufactured. It’s whether you’re ready to trust algorithms with irreversible blockchain transactions when even their creators admit they don’t fully understand the failure modes.

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