Hacked bitcoin wallet maker warns AI failed to detect bug
That was exploited to steal users’ funds, now estimated at $130m.
Coinkite, the manufacturer of stolen Bitcoin wallets, has disclosed that artificial intelligence failed to identify the software vulnerability exploited in the attack, which is estimated to have cost users US$130 million. The Canadian-based company has urged other firms to conduct thorough reviews of their AI-assisted security measures. The Coldcard hack has spotlighted the risks associated with self-custody, a core tenet of cryptocurrency, and raised concerns about the trustworthiness of the digital asset ecosystem.
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- Hacked Bitcoin Wallet Maker Warns of AI Failure to Detect Bug financialpost.com
- Hacked Bitcoin wallet maker Coldcard warns of AI failure to detect bug straitstimes.com
