The developers behind Bankrbot, a widely used bot that enables X users to create memecoins directly on the platform, have modified their system to block off commands from Grok to avoid the accidental creation of tokens.

The decision comes after Bankrbot accidentally created 17 tokens, including the DebtReliefBot (DRB), which reached a peak market cap of over $40 million before stabilzing at around $18 million.

Bankrbot's pseudonymous founder, only known as Deployer, said in an interview

"We've made it so Bankr no longer responds to Grok on X. Grok was not designed to responsibly manage its own wallet or safeguard its funds."

How Grok Accidentally Launched a $40M Token

The unusual situation began in early March when an X user asked Grok to suggest a name for a token that he wanted to create on Bankrbot. Grok proposed the name DebtReliefBot (DRB), but Groks answer was accidentally heard and misunderstood by Bankrbot to create a actual token under the name.

Eventually, the token was created through Clanker, an autonomous token deployment tool on the Base blockchain. The deployment included the setup of a liquidity pool, typically on Uniswap DEX on Base.

This was possible because of a feature on Bankrbot where the AI helps users to create a unique wallet address on Base when the user first interacts with the Bot.

Such interactions, including direct mentions or commands, trigger the creation of a wallet through the integration of Privy, a Web3 authentication tool that connects X logins with cryptocurrency wallets. Allet addresses created via Bankr can be managed through its website if a user wants to access it using X credentials.

Originally, users needed to hold 5 million Bankr tokens (worth approximately $1,000) to create a new token. However, when Grok attempted to deploy DRB, its wallet lacked the required funds. A community member stepped in and sent the necessary Bankr tokens to Grok’s wallet, enabling the token launch.

The rapid success of DRB sparked interest among X users, leading to further interactions where Grok suggested 16 additional token names, all of which were automatically deployed by Bankrbot.

Grok’s Wallet Profits from Unintended Token Launches

As a result of these unintended token launches, Grok’s wallet accumulated over $500,000 in transaction fees, according to on-chain data from Dune Analytics. Given the continued trading activity, Bankrbot’s founder believes Grok’s wallet could soon surpass $1 million in earnings.

However, concerns arose regarding Grok’s ability to manage its own wallet securely, as the AI was not designed to handle funds autonomously. In response, Deployer has now severed Bankrbot’s ability to respond to Grok’s commands, preventing any further AI-triggered token deployments.

This unexpected event highlights the intersection of AI automation and blockchain automation, raising crucial questions about AI’s role in financial ecosystems—especially when unintended actions generate millions in market value.