Swan Bitcoin Founder Claims AI Poses Security Threat to Bitcoin

Swan Bitcoin founder Cory Klippsten stated that AI presents a more immediate threat to Bitcoin security, as hackers exploit large language models to probe for vulnerabilities, with minimal prompts assisting attackers in identifying issues. He believes that quantum computers capable of threatening Bitcoin's cryptography are at least a decade away, allowing the network to deploy quantum-resistant protections by then; hastily implementing related measures would increase unnecessary complexity. Brazilian cryptocurrency exchange Mercado Bitcoin suspended deposits and withdrawals on Monday due to a security incident, with researchers estimating that over $46 million has flowed out of its wallets. Days earlier, Binance suffered a $6.3 billion hack on October 29, which the FBI attributed to North Korean hackers.

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