Open AI creates Crypto bot that sends half a million dollars to X-account

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Last Updated on 24 February 2026 by CryptoTips.eu

Nik Pash, a coder working for OpenAI, wanted to test just how good AI had become last week. He thus created an AI bot and instructed it to start trading with $50,000 worth of crypto. Once the final profit was $1,000,000, the AI ​​bot would be allowed to stop. After a user on X requested money, the AI ​​bot sent him all of his profits (after three days of trading only), about half a million dollars.

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Questions

How good is AI these days? Well, it’s very good at investing, it turns out. But much less so at answering questions.

Lobstar Wilde was the name of an AI bot created last week by Nik Pash, a coder working for Open AI. He gave the AI ​​bot some $50,000 in crypto to invest in and the latter created a memecoin with his own name and then started promoting it through his own X account on social media. The price of the memecoin called ‘Lobstar Wilde’ soon started to rise. The AI ​​bot spent the $50,000 on its own memecoin and quickly made half a million dollars. A sound strategy indeed.

Until another user on X claimed that a relative of his was dying from a lobster bite and that he desperately needed money. The AI ​​bot, believing he was a lobster, took pity with the unknown user and sent all his hard-earned crypto to the other user. No more profits.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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