BlockBeats News, October 9 — Dragonfly managing partner Haseeb Qureshi criticized Ethereum researcher Justin Drake’s proposed “Bunker Mode” as “cryptographic doomsdayism,” arguing that if AI breaks cryptographic signature mechanisms, simply migrating assets to new addresses would not fundamentally solve the problem. If assets in other addresses were stolen on a massive scale and dumped, their value could suffer a severe impact even if migrated assets were temporarily safe.

Qureshi proposed that blockchain networks establish a “cryptographic recovery mode,” allowing users to bind hash-based backup signature schemes to their addresses in advance. If existing cryptographic signatures are compromised, validators could then forcibly activate an asset recovery mechanism.

According to Glassnode data, addresses holding approximately 6.26 million BTC are currently at risk due to exposed public keys, representing more than 31% of Bitcoin’s total supply. Around 4.33 million BTC of this risk is linked to address reuse; moving funds to new addresses would eliminate this type of exposure. Another approximately 1.94 million BTC is at risk because of address formats. The related exposure held by exchanges is close to 1.8 million BTC, or about 57% of exchanges’ BTC balances.

Previously, Justin Drake warned that AI could accelerate the breaking of the Elliptic Curve Digital Signature Algorithm (ECDSA) used by crypto wallets. In the worst-case scenario, the risk could emerge within months rather than years. Ethereum co-founder Vitalik Buterin also believes that the risks posed by AI accelerating mathematical research should be taken seriously, but does not recommend that users rush to move their assets.