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Dragonfly's Haseeb Qureshi says 'bunker mode' will not fix AI threat to crypto signatures

NewsFeeds update

Dragonfly managing partner Haseeb Qureshi says Ethereum researcher Justin Drake's 'bunker mode' plan, which would move tokens to new addresses, only protects assets not yet moved and would not stop other holdings losing value in a sell-off. He favours a cryptographic recovery mode using hash-based backup signatures, after Drake warned ECDSA could be broken within months as AI maths improves; Glassnode data shows about 6.26m BTC sits in potentially exposed addresses.

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The story so far: ECDSA quantum threat and bunker mode debate

Justin Drake warned AI-driven maths could break ECDSA within months and urged holders to move funds to never-used addresses in a "bunker mode". Haseeb Qureshi said bunker mode only protects unmoved assets and favours hash-based backup signatures. Willy Woo now puts a 1.3% chance on Bitcoin signatures breaking. Swan's…

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  1. Justin Drake says ECDSA could be broken in months and urges large holders to move funds

  2. Dragonfly's Haseeb Qureshi says 'bunker mode' will not fix AI threat to crypto signatures

  3. Willy Woo puts 1.3% chance on Bitcoin signature break within two years

  4. Swan Bitcoin's Cory Klippsten says AI exploits threaten Bitcoin more immediately than quantum

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.