Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Justin Drake urges crypto ‘bunker mode,’ as AI could break wallet security within months

The Ethereum researcher said crypto users should consider moving funds to fresh addresses, warning AI could threaten private-key security before quantum computers do.

Justin Drake urges crypto ‘bunker mode,’ as AI could break wallet security within months

Ethereum researcher Justin Drake has urged crypto users to prepare for "bunker mode" by moving their funds to fresh addresses, warning that artificial intelligence could potentially undermine the cryptography used in today's blockchains before quantum computers become a threat. Drake's concerns stem from recent breakthroughs in AI, particularly from OpenAI, which have demonstrated the ability to solve complex mathematical problems.

He specifically highlighted the potential vulnerability of the elliptic curve digital signature algorithm (ECDSA) used in cryptocurrency wallets, suggesting it could be broken "in months, not years." Drake recommends a controlled mass migration of assets to new addresses, with large and sophisticated crypto holders leading the way.

He also advised moving any remaining funds to a new address after signing a transaction, as this would conceal the public key behind a cryptographic hash, reducing exposure to potential attacks. Drake stressed the importance of a gradual and carefully managed migration to minimize potential harm.

Brief written by urgent.news from Cointelegraph's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at cointelegraph.com →

More in Finance & Markets

More from Thursday 8 October →