Harmony Cites AI Threats in Proposed Blockchain Shutdown
Harmony Cites AI Threats in Proposed Blockchain Shutdown
AI and Crypto Attacks
The migration proposal is the latest in examples of attacks leading to increased scrutiny of blockchain networks.
In August, Harmony confirmed an exploit after an attacker created roughly 4 billion unauthorized ONE tokens. The team released a patch and said it was considering a rollback, which would reverse transactions by restoring an earlier version of the blockchain.
The X post on Sunday underscores how AI is playing a larger role in crypto security, with companies reporting suspected AI-assisted attacks and developers using the technology to find and fix vulnerabilities.
In July, Coldcard maker Coinkite said it suspected an attacker used AI to find a flaw that made wallet keys easier to guess—a vulnerability its own AI review missed. The company overhauled its security in August after thefts exceeded $100 million.
Following the Coldcard attack, developers formed the Bitcoin Red Team to find vulnerabilities before attackers could exploit them. The group combines AI models, including Moonshot AI's Kimi K3, with human review to examine wallets, payment applications, and other Bitcoin software, then privately alerts developers to flaws.
The team grew to about 20 to 25 volunteers, according to pseudonymous member and developer Calle. He said it had found no issues in Bitcoin's underlying protocol.
"The reason why the Bitcoin Red Team exists right now is because we need to get ahead of the attackers as fast as possible," Calle told Decrypt.
This article has been published in decrypt.co via Yahoo News.
Harmony Cites AI Threats in Proposed Blockchain Shutdown
The team wants to move ONE to Ethereum and enter the AI-video business, urging users to exit smart contracts before September 10.
finance.yahoo.com
