If you have crypto assets stored on an exchange or smart contract platform, you should pull them now, and keep them in an offline cold storage wallet for at least the next ~18 months while we figure out the offense/defense balance of new AI models.
If there are bugs in some of the most hardened and load-bearing pieces of OSS that can be identified and exploited now, what’s the probability of there being comparable issues in even widely used cryptocurrency protocols or implementations thereof? I can’t put a meaningful number on it, but if you think it’s high, the conclusion seems to be that cold storage is not strong protection either.
Selling your crypto would be the safest thing, tbh. Might even be the smart thing; if these hacks drive the price of crypto down, or seem like they’re going to drive the price of crypto down, you will lose money no matter how good your personal security practices are.
If you have crypto assets stored on an exchange or smart contract platform, you should pull them now, and keep them in an offline cold storage wallet for at least the next ~18 months while we figure out the offense/defense balance of new AI models.
If there are bugs in some of the most hardened and load-bearing pieces of OSS that can be identified and exploited now, what’s the probability of there being comparable issues in even widely used cryptocurrency protocols or implementations thereof? I can’t put a meaningful number on it, but if you think it’s high, the conclusion seems to be that cold storage is not strong protection either.
Selling your crypto would be the safest thing, tbh. Might even be the smart thing; if these hacks drive the price of crypto down, or seem like they’re going to drive the price of crypto down, you will lose money no matter how good your personal security practices are.