AI just killed Crypto... (INSANE)
Source: YouTube · Wes Roth · published Aug 7, 2026 · 27:49
A recent $100 million Bitcoin heist from Coldcard hardware wallets highlights how AI is fundamentally changing cybersecurity, exposing long-hidden vulnerabilities in software we previously considered secure 0:00.
Key Takeaways:
• Over 1,200 wallets were drained in roughly 41 minutes (~$70M) by exploiting a 5-year-old bug that generated weaker private keys from a smaller pool instead of truly random ones 5:24
• The hack occurred just two weeks after the release of Kimi K3, an open-source model believed to be distillated from Anthropic's Fable/Mythos lineage with fewer guardrails 2:20
• AI agents are now crawling repositories worldwide—both defenders and attackers—finding vulnerabilities at speeds outpacing human experts 0:40
• CoinKite's CEO called it "a sober reality of a new AI paradigm," warning that any open-source firmware should be assumed to be under active AI analysis 7:09
• Anthropic's Claude Mythos broke "Hawk," a NIST post-quantum encryption candidate that survived two years of expert review, finding a new attack approach in just 60 hours 12:53
This isn't just a crypto problem—banks, financial institutions, and all software face the same risk as AI rewrites the rules of what "secure" means.
Sources:
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First 800 characters of the transcript
A few days ago in a span of 30 minutes, a massive amount of Bitcoin was stolen from people's hardware wallets. This was supposed to be the safest way to store Bitcoin. Right now we know of more than $100 million worth of Bitcoins that were stolen. I think the total number of addresses is approaching 10,000. And here's the thing, the victims are often times, they were sophisticated crypto users. They were people that did everything right. A few months ago when we started hearing about Mythos, I warned everybody in this channel to start taking their cyber security very seriously. Here's the thing, right now, whether or not you have crypto, whether you have your money in the bank, this is going to apply to all of us. Right now, all of the software, all of the repositories all over the world a…