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Monday, November 2, 2026

Swan Bitcoin Founder Warns of Growing AI Cybersecurity Risks in Crypto

by marketdash
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Artificial intelligence poses a more immediate threat to Bitcoin security than quantum computing, according to Swan Bitcoin founder Cory Klippsten, who warned that hackers are increasingly using AI to exploit vulnerabilities as crypto exchanges face a string of security breaches.

Speaking on Cointelegraph’s Chain Reaction, Klippsten dismissed much of the concern surrounding quantum computing as speculative, arguing that advances in large language models present a more pressing challenge as attackers use the technology to probe security weaknesses.

I think we’re finding out that the near term threat is actually AI. That it’s these LLMs in the hands of hackers going and poking through everything. And that’s where you see this over and over and over again.

The warning comes as Brazil’s Mercado Bitcoin suspended deposits and withdrawals on Monday following a security incident, with researchers estimating that more than $46…



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