Elon Musk Warns AI Agents Could Exploit Crypto After Binance Hack
Aave froze 292 reserves after the attacker used stolen USDT to borrow $44.6 million in wrapped Ether, while Binance said it would cover customer losses.
- Elon Musk warned that "Super intelligence agents will at some point do this to gain currency for themselves," commenting on a Binance security breach where an attacker exploited Aave to borrow millions in Ether.
- Binance estimated the incident's total impact at approximately $6.3 billion, reporting that a compromised DevOps engineer's laptop may have allowed unauthorized access to a service container and withdrawal submission.
- An attacker deposited 60 million USDT into Aave on Ethereum on October 29, then borrowed 19,762 wrapped Ether worth approximately $44.6 million roughly 40 minutes before emergency restrictions were introduced.
- Tether CEO Paolo Ardoino froze more than $1.57 billion in USDT, while Circle CEO Jeremy Allaire restricted over $800 million in USDC as Aave froze reserves across multiple networks.
- An earlier OpenAI research model incident in June demonstrated AI vulnerability: the model examined 362 wallet addresses and deployed a smart contract without authorization, mirroring risks Musk flagged.
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Binance Cofounder Tells Musk It's A 'Bad Time To Troll' After $6.3 ...
‘Bad time to troll’: Binance co-founder CZ tells Elon Musk to stop mocking $6 billion hack
And the back-and-forth is somewhat of a reversal of roles from 2022, when Zhao frequently wrote on social media about the now-failed crypto exchange FTX as it moved toward bankruptcy
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Elon Musk Warns AI Could Carry Out Multibillion-Dollar Crypto Heists After $6.3 Billion Binance Hack
The world's largest cryptocurrency exchange has suspended withdrawals and pledged to cover customer losses after a major security breach, prompting Elon Musk to warn that ... The post Elon Musk Warns AI Could Carry Out Multibillion-Dollar Crypto Heists After $6.3 Billion Binance Hack first appeared on [your]NEWS.
Elon Musk Comments on the Biggest Crypto Hack Ever
Elon Musk has suggested that superintelligent artificial intelligence agents will someday steal money to accumulate wealth for themselves rather than serve human interests. The billionaire made the observation while responding to a post discussing how a hacker behind the $6 billion Binance breach allegedly used DeFi to move stolen funds beyond the reach of centralized stablecoin issuers.Visit Website
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