AI poses greater threat to Bitcoin than quantum computing, Swan founder says
Swan Bitcoin founder Cory Klippsten warned that hackers are using large language models to exploit security flaws, dismissing quantum computing as a more distant threat.
Speaking on Cointelegraph’s Chain Reaction, Klippsten said the near-term threat is AI, specifically large language models in the hands of hackers probing for vulnerabilities.
I think we’re finding out that the near term threat is actually AI. That it’s these LLMs in the hands of hackers going and poking through everything.
His warning follows a series of high-profile security breaches, including a $6.3 billion hack of Binance attributed to North Korean hackers by the FBI.
Just days prior, Brazil’s Mercado Bitcoin suspended deposits and withdrawals after researchers estimated over $46 million had left its wallets.
Quantum computing remains distant
Klippsten estimated that quantum computers capable of threatening Bitcoin’s cryptography remain at least a decade away, potentially longer.
He argued that the network could adopt quantum-resistant protections if the threat became credible, but said rushing to implement them now would introduce unnecessary complexity.
Klippsten suggested that some cryptocurrency startups and investors had used fears surrounding quantum computing to attract funding, characterizing much of the discussion as FUD rather than an imminent security concern.
You need to actually know what the hell you’re doing from a security standpoint.
He warned that cryptocurrency companies cannot rely on hastily developed software when safeguarding customer assets.
Related
