April hacks of cryptocurrency companies Drifting and Seaweed dao The cryptocurrency sector was rocked because those attacks may have been powered by artificial intelligence (AI), Bloomberg reported I mentioned Friday (May 15).
After the hack, which netted the attackers nearly $600 million, Drift was shut down and plans to relaunch after receiving stablecoins from pregnancy; A decentralized finance (DeFi) project called Carrot whose exposure to Drift has been permanently halted; and lending protocol ghostwhich was used to launder the proceeds of a hack, needed a bailout after investors pulled $9 billion, according to the report.
What worried the industry most about these hacks was that they were likely powered by artificial intelligence, the report said. While this cannot be proven, cybersecurity experts said in the report that the attacks have become so much more sophisticated, so quickly, that the hackers behind them likely had help from artificial intelligence.
Beyond that, there is a looming presence AnthropicThe Mythos AI model, which the company has kept in limited release due to the cybersecurity risks it poses, as well as the potential for hackers to obtain other powerful AI models.
AI could help hackers find vulnerabilities in a blockchain protocol in days or hours, rather than months, and could give anyone elite hacker skills, cybersecurity experts said in the report.
Cryptocurrency companies’ responses to the AI threat include adding software that scans networked devices to detect potential threats; Installing circuit breakers that temporarily stop transactions or limit them above a certain limit; For DeFi lenders, expand the risk framework for collateral to include cybersecurity factors, according to the report.
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In the Drift update that was introduced in April while it was attacks Regarding its cryptocurrency exchange, the company said: “This was a very complex process that appears to have involved several weeks of preparation and phased implementation, including the use of unofficial dual accounts to pre-sign transactions that delayed execution.”
In kelp DAO hackIt was reported in April that this action highlighted the risks of interconnected systems in DeFi because the failure of a single piece could threaten the entire structure.
