Binance Research flagged this 6 months ago and most people slept on it 👀
The numbers from their AI risk report:
• AI is 2x better at exploiting than detecting in crypto
• AI-enabled scams are 4.5x more profitable than traditional ones
• Attackers scale faster than defenders unless platforms go all in on AI security NOW
Translation: the hackers have the better tools and the better margins. Every exploit, phishing wave and deepfake scam we're seeing is the playbook working as designed.
Platforms that treat AI security as a side quest are going to bleed users and trust. Users who still trust a random DM or link are exit liquidity.
Tighten your own setup. Hardware wallet, revoke old approvals, verify everything twice, and assume that anything too smooth is a scam.
#BinanceHack #CryptoSecurity @binance
The numbers from their AI risk report:
• AI is 2x better at exploiting than detecting in crypto
• AI-enabled scams are 4.5x more profitable than traditional ones
• Attackers scale faster than defenders unless platforms go all in on AI security NOW
Translation: the hackers have the better tools and the better margins. Every exploit, phishing wave and deepfake scam we're seeing is the playbook working as designed.
Platforms that treat AI security as a side quest are going to bleed users and trust. Users who still trust a random DM or link are exit liquidity.
Tighten your own setup. Hardware wallet, revoke old approvals, verify everything twice, and assume that anything too smooth is a scam.
#BinanceHack #CryptoSecurity @binance
