{"investigation":{"slug":"olaxbt","entity_name":"OlaXBT","trust_score":28,"severity_base":null,"score_modifier":0,"confidence":0.62,"status":"published","content_type":"investigation","summary":"OlaXBT (ticker: AIO) is a BNB Smart Chain-based AI trading platform that raised $3.38 million in seed funding led by Amber Group and launched publicly in July 2025. The project suffered a confirmed multi-signature wallet breach on September 1, 2025 that resulted in the theft of approximately 32 million AIO tokens (estimated $2 million at the time), forcing an emergency token contract migration that several exchanges declined to support. Additional risk factors include extreme holder concentration (approximately 96% of supply held by two addresses per CertiK Skynet data), an anonymous founding team with unverifiable claimed credentials, and multiple exchange delistings citing security concerns.","sections":[{"content":"OlaXBT is a decentralized AI trading layer operating on BNB Smart Chain (BEP-20), promoted as combining reinforcement learning, a Model Context Protocol (MCP) marketplace, and automated trading vaults. The project's native token is AIO, with a total maximum supply of 1 billion tokens and a circulating supply of approximately 230 million. The project publicly launched on July 9, 2025, with its initial token sale conducted on Binance Alpha on August 2, 2025. The current token contract address is 0x81a7DA4074b8e0eD51beA40f9dCbDF4d9d4832b4 on BSC, which replaced an earlier contract following the September 2025 security breach. The team describes itself as comprising data scientists, quant traders, and blockchain engineers with backgrounds at firms including Binance, JPMorgan, KuCoin, IBM, and Goldman Sachs, though no individual names are publicly disclosed and CertiK reports the team is not verified.","heading":"Overview","sources":[{"url":"https://www.coingecko.com/en/coins/olaxbt","name":"coingecko.com","type":"other","credibility":3},{"url":"https://coinmarketcap.com/currencies/olaxbt/","name":"coinmarketcap.com","type":"other","credibility":3},{"url":"https://olaxbt-docs.gitbook.io/","name":"olaxbt-docs.gitbook.io","type":"other","credibility":3},{"url":"https://skynet.certik.com/projects/olaxbt","name":"skynet.certik.com","type":"other","credibility":3}],"severity":"medium"},{"content":"On September 1, 2025, OlaXBT's multi-signature wallet was compromised, resulting in the theft of approximately 32 million AIO tokens, valued at over $2 million at the time of the incident. The project team responded by deploying a new token contract and initiating a 1:1 token migration for holders. The breach was not listed among the ten major DeFi hacks tracked by Halborn for September 2025 (which had a threshold of approximately $1 million), suggesting the $2 million figure may represent token market value rather than on-chain USD value, or that the incident was not independently verified at that magnitude by major security monitors. Exchanges including Poloniex and OrangeX declined to support the new contract migration, citing security concerns, and delisted the old AIO trading pairs. MGBX delisted its AIO/USDT trading pair effective December 31, 2025. The migration to the new contract address was described as automatic for most holders, though users on non-participating exchanges faced the risk of token loss.","heading":"Security Breach — September 2025 Multisig Hack","sources":[{"url":"https://coinmarketcap.com/cmc-ai/olaxbt/latest-updates/","name":"coinmarketcap.com","type":"other","credibility":3},{"url":"https://www.halborn.com/blog/post/month-in-review-top-defi-hacks-of-september-2025","name":"halborn.com","type":"other","credibility":3},{"url":"https://coinmarketcap.com/cmc-ai/olaxbt/what-is/","name":"coinmarketcap.com","type":"other","credibility":3}],"severity":"medium"},{"content":"CertiK Skynet data for OlaXBT indicates an extreme holder concentration, with approximately 96% of the token supply held by two major addresses. This level of concentration represents a significant governance and market risk, as concentrated holders can exert outsized influence over price and liquidity. The CertiK assessment also flagged six owner privilege findings — including balance modifiability and creator percentage controls — and eight trading constraint findings including buy and sell taxes and anti-whale mechanisms. The project is not audited directly by CertiK, but has one third-party audit on record (identified elsewhere as BlockSec). The CertiK Skynet score reported is 91.16 with an AA rating, though CertiK explicitly notes this reflects its monitoring score rather than a full security audit. The token's circulating supply of 230 million out of a 1 billion maximum (23%) implies significant future unlock risk as team and investor allocations vest.","heading":"Token Contract and Holder Concentration","sources":[{"url":"https://skynet.certik.com/projects/olaxbt","name":"skynet.certik.com","type":"other","credibility":3},{"url":"https://coinmarketcap.com/currencies/olaxbt/","name":"coinmarketcap.com","type":"other","credibility":3},{"url":"https://cryptorank.io/ico/olaxbt","name":"cryptorank.io","type":"other","credibility":3}],"severity":"medium"},{"content":"The OlaXBT team has not been publicly identified by name in any verifiable source found during this investigation. The project's documentation and official communications describe the team in general terms — data scientists, quant traders, blockchain architects — with references to alleged prior experience at major financial institutions. CertiK Skynet explicitly reports that the OlaXBT team is 'not verified.' No bug bounty program is active. The absence of named founders or executives, combined with the lack of independent verification of claimed credentials, is a material transparency risk factor, particularly in the context of the September 2025 multisig breach and subsequent contract migration.","heading":"Team Anonymity and Verification","sources":[{"url":"https://skynet.certik.com/projects/olaxbt","name":"skynet.certik.com","type":"other","credibility":3},{"url":"https://olaxbt-docs.gitbook.io/","name":"olaxbt-docs.gitbook.io","type":"other","credibility":3},{"url":"https://icoanalytics.org/projects/olaxbt/","name":"icoanalytics.org","type":"other","credibility":3}],"severity":"medium"},{"content":"OlaXBT reportedly raised $3.38 million in a seed funding round led by Amber Group, with participation from DWF Ventures, Mindfulness Capital, Web3Labs Club, and Credit Scend. This was announced in July 2025 ahead of the token's public launch. Amber Group and DWF Ventures are established digital asset firms with track records of backing crypto projects, though both have separately been subjects of scrutiny in the industry. The Binance Alpha platform selected OlaXBT for its first listing feature on August 2, 2025, which is generally treated as an institutional legitimacy signal for early-stage tokens. The project also secured subsequent listings on KuCoin (August 2, 2025) and Kraken (November 14, 2025).","heading":"Fundraising and Institutional Backing","sources":[{"url":"https://www.ainvest.com/news/olaxbt-secures-3-38-million-seed-funding-led-amber-group-ai-driven-crypto-trading-2507/","name":"ainvest.com","type":"other","credibility":3},{"url":"https://icoanalytics.org/projects/olaxbt/","name":"icoanalytics.org","type":"other","credibility":3},{"url":"https://x.com/binance/status/1951546007256170825","name":"x.com","type":"other","credibility":3},{"url":"https://blog.kraken.com/product/asset-listings/aio-is-available-for-trading","name":"blog.kraken.com","type":"other","credibility":3}],"severity":"medium"},{"content":"Following the September 2025 contract migration, Poloniex and OrangeX declined to support the new AIO token contract and delisted the trading pairs, citing security concerns. MGBX delisted its AIO/USDT pair effective December 31, 2025. These delistings reduced available liquidity and are documented bearish signals for the token. The 24-hour trading volume as of mid-2026 is approximately $1.26 million, yielding a turnover ratio of approximately 0.075 relative to market capitalization — a thin liquidity profile where moderate selling pressure can produce outsized price impact. The token reached its all-time high of approximately $0.2047 on September 18, 2025 (shortly after the hack), and has since declined approximately 51% from that level. The token remains listed on Binance Alpha, Kraken, KuCoin, Bitget, and Gate.io.","heading":"Exchange Delistings and Market Liquidity","sources":[{"url":"https://coinmarketcap.com/cmc-ai/olaxbt/latest-updates/","name":"coinmarketcap.com","type":"other","credibility":3},{"url":"https://coinmarketcap.com/currencies/olaxbt/","name":"coinmarketcap.com","type":"other","credibility":3},{"url":"https://www.kraken.com/prices/olaxbt","name":"kraken.com","type":"other","credibility":3}],"severity":"medium"},{"content":"The context for this investigation states that ZachXBT flagged OlaXBT. ZachXBT is a pseudonymous blockchain investigator and Paradigm advisor known for on-chain forensic investigations into cryptocurrency fraud. No publicly archived post by ZachXBT specifically naming OlaXBT was found in the sources reviewed during this investigation, including a review of the public ZachXBT Telegram channel archive. The basis for the flag could not be independently confirmed at the time of writing. The existing on-chain and public record risk factors — multisig breach, extreme holder concentration, anonymous team, and multiple delistings — are consistent with the profile of projects that draw investigator attention, but any specific ZachXBT findings about OlaXBT remain unverified in this report.","heading":"ZachXBT Flag","sources":[{"url":"https://t.me/investigations","name":"t.me","type":"other","credibility":3},{"url":"https://x.com/zachxbt","name":"x.com","type":"other","credibility":3}],"severity":"medium"}],"timeline":[{"date":"2025-07-06","event":"OlaXBT completes seed funding round of $3.38 million led by Amber Group, with DWF Ventures and other participants.","source":""},{"date":"2025-07-09","event":"OlaXBT platform officially launches publicly, reporting over 120,000 users globally.","source":""},{"date":"2025-08-02","event":"AIO token listed on Binance Alpha as its first featured listing, with a 750 AIO airdrop for users holding 200+ Alpha Points. KuCoin also lists AIO on the same date.","source":""},{"date":"2025-09","event":"Multi-signature wallet breach occurs. Approximately 32 million AIO tokens (estimated value over $2 million) are stolen. Team begins emergency migration to a new token contract.","source":"","date_original":"2025-09-01"},{"date":"2025-09-18","event":"AIO token reaches its all-time high of approximately $0.2047, paradoxically occurring after the hack was disclosed.","source":""},{"date":"2025-09","event":"Poloniex and OrangeX decline to support the AIO token contract migration and delist AIO trading pairs, citing security concerns.","source":"","date_original":"2025-09-01"},{"date":"2025-11-04","event":"AIO Nexus OS Portal launches, described as a new command center with AI agents accessing real-time data feeds.","source":""},{"date":"2025-11-14","event":"OlaXBT (AIO) listed on Kraken, expanding its global exchange presence.","source":""},{"date":"2025-12-14","event":"Falcon Finance launches an AIO staking vault on BNB Chain offering 20–35% APR paid in USDf.","source":""},{"date":"2025-12-31","event":"MGBX delists AIO/USDT trading pair. Withdrawals close January 3, 2026.","source":""}],"sources_used":[{"url":"https://www.coingecko.com/en/coins/olaxbt","name":"coingecko.com","type":"other","archive_url":"http://web.archive.org/web/20250911090912/https://www.coingecko.com/en/coins/olaxbt","credibility":3,"archive_timestamp":"2025-09-11T09:09:12+00:00"},{"url":"https://coinmarketcap.com/currencies/olaxbt/","name":"coinmarketcap.com","type":"other","archive_url":"http://web.archive.org/web/20260114021430/https://coinmarketcap.com/currencies/olaxbt/","credibility":3,"archive_timestamp":"2026-01-14T02:14:30+00:00"},{"url":"https://olaxbt-docs.gitbook.io/","name":"olaxbt-docs.gitbook.io","type":"other","archive_url":null,"credibility":3,"archive_timestamp":null},{"url":"https://skynet.certik.com/projects/olaxbt","name":"skynet.certik.com","type":"other","archive_url":"http://web.archive.org/web/20260423023148/https://skynet.certik.com/projects/olaxbt","credibility":3,"archive_timestamp":"2026-04-23T02:31:48+00:00"},{"url":"https://coinmarketcap.com/cmc-ai/olaxbt/latest-updates/","name":"coinmarketcap.com","type":"other","archive_url":"http://web.archive.org/web/20251109135035/https://coinmarketcap.com/cmc-ai/olaxbt/latest-updates/","credibility":3,"archive_timestamp":"2025-11-09T13:50:35+00:00"},{"url":"https://www.halborn.com/blog/post/month-in-review-top-defi-hacks-of-september-2025","name":"halborn.com","type":"other","archive_url":"http://web.archive.org/web/20260315175414/https://www.halborn.com/blog/post/month-in-review-top-defi-hacks-of-september-2025","credibility":3,"archive_timestamp":"2026-03-15T17:54:14+00:00"},{"url":"https://coinmarketcap.com/cmc-ai/olaxbt/what-is/","name":"coinmarketcap.com","type":"other","archive_url":"http://web.archive.org/web/20251109140735/https://coinmarketcap.com/cmc-ai/olaxbt/what-is/","credibility":3,"archive_timestamp":"2025-11-09T14:07:35+00:00"},{"url":"https://cryptorank.io/ico/olaxbt","name":"cryptorank.io","type":"other","archive_url":"https://web.archive.org/web/20260829030729/https://cryptorank.io/ico/olaxbt","credibility":3,"archive_timestamp":"2026-08-29T03:07:29+00:00"},{"url":"https://icoanalytics.org/projects/olaxbt/","name":"icoanalytics.org","type":"other","archive_url":"http://web.archive.org/web/20260411120626/https://icoanalytics.org/projects/olaxbt/","credibility":3,"archive_timestamp":"2026-04-11T12:06:26+00:00"},{"url":"https://www.ainvest.com/news/olaxbt-secures-3-38-million-seed-funding-led-amber-group-ai-driven-crypto-trading-2507/","name":"ainvest.com","type":"other","archive_url":null,"credibility":3,"archive_error":"error:no-request","archive_status":"unarchivable","archive_timestamp":null},{"url":"https://x.com/binance/status/1951546007256170825","name":"x.com","type":"other","archive_url":null,"credibility":3,"archive_timestamp":null},{"url":"https://blog.kraken.com/product/asset-listings/aio-is-available-for-trading","name":"blog.kraken.com","type":"other","archive_url":"http://web.archive.org/web/20260817122305/https://blog.kraken.com/product/asset-listings/aio-is-available-for-trading","credibility":3,"archive_timestamp":"2026-08-17T12:23:05+00:00"},{"url":"https://www.kraken.com/prices/olaxbt","name":"kraken.com","type":"other","archive_url":"http://web.archive.org/web/20260323075706/https://www.kraken.com/prices/olaxbt","credibility":3,"archive_timestamp":"2026-03-23T07:57:06+00:00"},{"url":"https://t.me/investigations","name":"t.me","type":"other","archive_url":null,"credibility":3,"archive_timestamp":null},{"url":"https://x.com/zachxbt","name":"x.com","type":"other","archive_url":null,"credibility":3,"archive_timestamp":null}],"source_tags":["defillama"],"addresses":[],"reviewed":false,"reviewed_by":null,"model_used":"claude-sonnet-4-6","created_at":"2026-05-04T02:54:21.459609+00:00","updated_at":"2026-08-29T05:27:52.619808+00:00"}}