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Cory Klippsten says AI hackers pose nearer threat to Bitcoin than quantum computing

The Swan Bitcoin founder told Cointelegraph that hackers are using large language models to probe security flaws, and that quantum computing risks remain at least a decade away.

Why it matters: The warning lands as exchanges deal with major breaches, including a $6.3bn Binance hack blamed on North Korea and an incident at Mercado Bitcoin.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: Cory Klippsten says AI hackers pose nearer threat to Bitcoin than quantum computing
Image: Cointelegraph
Original reporting: Nate Kostar, Cointelegraph

Key points

  • Klippsten said quantum computers able to threaten Bitcoin's cryptography are at least a decade off, possibly longer.
  • Brazil's Mercado Bitcoin suspended deposits and withdrawals on 2 November after an incident, with researchers estimating over $46m left its wallets.
  • Binance lost $6.3bn in a 29 Oct hack that the FBI attributed to North Korean hackers.

Cory Klippsten, founder of Swan Bitcoin, says AI hackers are a more immediate threat to Bitcoin than quantum computing. Speaking on Cointelegraph's Chain Reaction, he argued that attackers are using large language models to probe security weaknesses, and that this pattern keeps recurring.

He dismissed much of the quantum computing concern as speculative. Rushing them in now, he said, would add needless complexity.

Klippsten also said crypto firms must not rely on hastily built software to protect customer assets, and suggested some startups and investors have used quantum fears to attract funding, calling much of the discussion FUD.

His comments follow a run of security breaches.

Read the full story on Cointelegraph

Live updates on NewsFeeds:BitcoinAIDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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