AI-driven hacks raise crypto security risks sharply

Artificial intelligence is making cyberattacks on crypto platforms cheaper and easier, according to Ledger chief technology officer Charles Guillemet, raising fresh concerns about digital asset security.

Guillemet said AI tools are eroding the traditional cost barrier to hacking, allowing attackers to find and exploit vulnerabilities far more quickly than before.

“Finding vulnerabilities and exploiting them becomes really, really easy… The cost is going down to zero,”

Said Ledger CTO, Charles Guillemet.

The warning comes as crypto exploits continue to mount, with more than $1.4 billion in losses recorded over the past year, including a recent $285 million attack on Solana-based protocol Drift.

AI is accelerating both attack and development cycles, with Guillemet warning that AI-generated code could introduce widespread vulnerabilities as insecure software is produced at scale.

To counter the threat, he pointed to formal verification and hardware-based security, such as offline wallets, as more robust approaches than traditional audits.

Guillemet said users should assume systems will fail and adopt stronger security practices, as increasingly sophisticated malware can target devices directly and extract sensitive data like wallet seed phrases.