Zcash Founder Highlights AI-Driven Wallet Attack Risks

Eli Ben Sasson, co-founder of Zcash, issued a security warning regarding the increasing attacks on crypto wallets. Sasson noted that artificial intelligence has become a powerful tool in cyberattacks, emphasizing that the crypto world should not solely focus on the risks posed by quantum computers. He stated that digital security relies on cryptography and mentioned that AI tools are adding extra pressure on wallet security. Sasson pointed out that crypto keys and user data are protected by cryptography and expressed expectations for an increase in cyberattacks as AI gains power. He argued that this risk could arise before quantum computers become a threat. Additionally, he highlighted the need for stronger cryptographic standards, recommending hash-based methods and structures like ZK STARK. This statement came after an attack on Binance's hot wallets, which resulted in a loss of approximately $6.3 billion. Experts indicate that there has been an increase in AI-assisted attacks, with the number of software vulnerabilities nearly doubling in the past year.

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