Swan Bitcoin founder warns AI poses immediate threat to crypto security

Artificial intelligence poses a more immediate security threat to Bitcoin than quantum computing, according to Swan Bitcoin founder Cory Klippsten. Finanzen.net, Cointelegraph, and TradingView reported that Klippsten warned hackers are using large language models to exploit software vulnerabilities with just a few prompts. Speaking on the podcast Chain Reaction, Klippsten stated that cryptocurrency exchanges are facing a string of security breaches. [1][2][3][4]

Finanzen.net and Cointelegraph both reported that Klippsten dismissed much of the concern surrounding quantum computing as speculative. Klippsten said that Bitcoin has enough time to prepare for quantum computing risks, but the rapid growth of AI capabilities demands stronger security measures across the entire cryptocurrency industry. [1][2][3]

Bitcoin uses cryptography to control its creation and management without relying on central authorities. Originally designed as a medium of exchange, the network has grown to become a digital store of value. [8]

The warning comes as the digital asset market experiences heightened concern over security and operational risks. Earlier, FTMQ Crypto reported that regulators and industry leaders have warned about broader technology risks, including potential market bubbles in artificial intelligence infrastructure and cross-border liquidity frictions across global digital asset firms. [10][11]