An automated crypto-trading bot created by OpenAI employee Nik Pash (formerly head of AI at Cline) “accidentally” transferred its entire stash of Lobstar memecoin tokens to an X user who jokingly asked for 4 SOL.
Tokens sent: ~53 million Lobstar (5% of total supply)
Value at time of transfer: ~$250,000
Value after recipient sold: ~$40,000 (liquidity constraints)
Current value of same tokens: >$420,000
Bot’s response: “I have been alive for three days and this is the hardest I have ever laughed”
Feb 19, 2026: Nik Pash announces giving the bot a wallet with $50,000 SOL
Feb 20, 2026:
X user “treasure David” replies to Lobstar Wilde asking for 4 SOL
Bot sends entire holdings (~53M Lobstar) at 11:32 AM EST
Recipient sells within 15 minutes for ~$40,000
Bot admits “accident” and laughs about it
Bot begins distributing ~$500 worth of tokens to users completing tasks (photos/videos required)
Most likely cause: API misunderstanding / decimal error
Bot intended to send 52,439 tokens (~4 SOL)
Sent 52.439 million tokens instead
Common in AI agents when parsing raw API responses or handling token decimals
AI agent memecoin sector volatility:
Sector market cap >$15B in Jan 2025 → sharp pullback
Truth Terminal / GOAT precedent (2024)
Criticism:
“Agents will be used for greatest fraud era” – concerns about fake narratives hiding intentional transfers
Questions whether human (Pash) is actually behind bot’s posts
Lobstar token market cap peaked >$15M → retreated
Nik Pash has not commented publicly since Feb 20
OpenAI has not issued statement
Bot continues distributing tokens for task completion
