AI-POWERED HACKS DRAIN $600M FROM CRYPTO

The attacks, occurring within two weeks of each other, dealt significant blows to the crypto industry. One major platform experienced a mass investor exodus following the breach, while another collapsed entirely under the impact. Security experts attribute the intrusions to AI-powered hacking techniques that bypassed existing defense systems. The attacks underscore a growing concern: as artificial intelligence advances, so do the tools available to malicious actors. The incidents have reignited debate over cryptocurrency security standards and regulatory oversight. Industry participants are now reassessing their infrastructure and implementing additional safeguards against AI-driven threats. The breaches highlight the tension between the sector's rapid growth and its security maturity. While crypto platforms have invested heavily in traditional security measures, AI-based attacks represent a new frontier that many defenses were not designed to counter. This latest crisis adds pressure on the sector to strengthen its foundation before larger institutional investments arrive.