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Hackers Armed With AI Stoke Fears for $130 Billion Crypto Sector

Hackers Armed With AI Stoke Fears for $130 Billion Crypto Sector

(Bloomberg) — The crypto hacks came a little over two weeks apart in April, netting the attackers almost $600 million in total while triggering an investor exodus from one major platform and causing another to fail.

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But for all the damage the two exploits wrought, what most alarmed cybersecurity experts was how the hackers pulled them off. The attackers — widely believed to be North Korea-linked groups — appear to have used artificial intelligence to select targets and design exploits, according to blockchain forensics firm TRM Labs.

The heists displayed such a leap in sophistication that it’s highly likely the hackers worked with the help of AI, said TRM investigator Nick Carlsen, who…

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