The Financial Post reports in its Tuesday edition that in April, two crypto hacks, believed to be linked to North Korean groups, netted almost $600-million (U.S.) and triggered significant investor withdrawals from major platforms. A Bloomberg dispatch to the Post reports that cybersecurity experts were particularly alarmed by the sophistication of the attacks, suggesting that the hackers may have utilized artificial intelligence to select targets and design exploits.
AI in criminal hands would significantly heighten the threat to crypto, which has already lost billions to hacks. The industry is particularly vulnerable to digital theft due to its blockchain infrastructure.
Investors withdrew $9-billion (U.S.) from a lending protocol in just two days following a hack in April, highlighting how quickly confidence can erode even when the platform isn't directly targeted.
"There is no room for error in security" now, said Crystal Intelligence's Nicholas Smart.
Hanging over it all is Mythos, the AI model Anthropic has withheld from wide release over its cybersecurity risks. While there's no evidence the hackers had access to it, researchers say it's only a matter of time before criminals obtain more powerful AI tools.
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