Dragonfly warns AI could boost crypto hacks
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- Dragonfly said artificial intelligence could increase the scale of crypto attacks.
- The venture capital firm warned decentralised finance faces growing security risks.
- The report calls for stronger security tools as AI becomes more capable.
Dragonfly warned artificial intelligence could make crypto hacks faster, cheaper and more effective.
The firm said decentralised finance could face more attacks as hackers use AI to find software weaknesses.
"We should prepare now rather than wait for a hackpocalypse," Dragonfly said.
The report said AI could help attackers write malicious code, automate phishing campaigns and discover security flaws.
Dragonfly also said developers can use AI to improve audits, detect threats and strengthen blockchain security.
The company urged the crypto industry to invest in better testing, monitoring and security practices.
Dragonfly said stronger security will become more important as AI tools continue to improve.