The Daily: AI agent 'accidentally' sends entire memecoin holdings to reply guy, Based raises $11.5M in Pantera-led round, and more

• The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Article Summaries:

• The newsletter highlights a series of notable crypto‑industry events. An AI‑driven trading bot mistakenly transferred an entire memecoin portfolio to a “reply guy,” exposing vulnerabilities in automated asset management. In corporate news, the startup Based secured $11.5 million in a funding round led by Pantera Capital, bolstering its growth plans. The update also touches on additional developments across the sector, though specifics are not detailed here. Overall, the piece underscores both the risks of AI in finance and the continued investor interest in emerging crypto ventures.

Sources:

• https://www.theblock.co/post/390866/the-daily-ai-agent-accidentally-sends-entire-memecoin-holdings-to-reply-guy-based-raises-11-5m-in-pantera-led-round-and-more?utm_source=rss&utm_medium=rss