Rodolfo Novak, CEO of Coinkite, has issued a stark warning that artificial intelligence is significantly lowering the barrier for attackers to identify and exploit vulnerabilities in high-security cryptographic code.
The statement follows a major security incident in which thieves stole approximately $89 million in Bitcoin from users of the company's Coldcard hardware wallets.
Novak described the breach as evidence of a "new AI paradigm" in cybercrime, suggesting that automated tools are now capable of uncovering flaws that previously required extensive manual effort to find.
The incident underscores the growing sophistication of threats facing the cryptocurrency infrastructure, particularly for self-custody solutions that rely on the integrity of their underlying software.
The theft adds to a broader trend of escalating cyber risks in the digital asset space.
Earlier reports indicated that cybercriminals had exploited a software vulnerability in Coldcard wallets to drain approximately $110 million in Bitcoin, with some analyses pointing to state-sponsored hacking groups as potential actors.