Ethereum researcher's AI security warning stirs debate as bitcoin extends slide: Crypto Markets Today
- On October 7, Ethereum Foundation researcher Justin Drake urged the crypto industry to 'calmly begin planning' for 'bunker mode,' a controlled shift of holdings to new addresses whose public keys stay hidden behind a hash.
- Citing OpenAI's release of 722 mathematical results, Drake argued AI-driven advances make it reasonable to brace for a break of ECDSA signatures securing Bitcoin and Ether in 'months not years.'
- Ethereum co-founder Vitalik Buterin advised against scrambling to move funds, while Coinbase cryptography lead Yehuda Lindell dismissed the warning, stating there is 'no evidence whatsoever' pointing to a break in elliptic curve cryptography.
- Addressing specific vulnerabilities, Dankrad Feist argued that if exposed public keys become exploitable, 'your coins are going to zero,' and bunker mode would not help those accounts.
- Drake wrote that Ethereum roadmap timelines 'must now be revisited and accelerated' in light of what he called mathematical superintelligence, spurring industry debate on transitioning to quantum-resistant cryptography.
26 Articles
26 Articles
Ethereum researcher Justin Drake calls on the crypto industry to prepare a "bunker mode": AI-supported mathematics could break Wallets' signature process in the worst case in months. Vitalik Buterin agrees in principle, but warns against hasty migrations. He himself has lost more money than by hacks. There is no practical break from ECDSA so far. The article Ethereum researchers warn: AI could crack crypto signature procedures first appeared on …
Vitalik Buterin Warns AI Math Risks But Cautions Against New Wallet Rush
TL;DR Vitalik Buterin warned that AI-driven mathematical advances could compromise the security of cryptographic systems. The Ethereum co-founder advised against rushing to move funds to new wallets due to the risk of mistakes and asset losses. Justin Drake warned that ECDSA could be compromised before quantum computers become capable of breaking it. Vitalik Buterin, co-founder of Ethereum, warned about the risks that advances in artificial in…
Ethereum researcher Justin Drake advises the crypto industry on "bunker mode", even Vitalik Buterin takes the warning seriously. With a simple step, investors can protect their coins now. The article Krypto researcher warns: Does AI crack bitcoin encryption in a few months? first appeared on ingenieur.de - job market and news portal for engineers.
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