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Mt. Gox’s security flaws costed millions. Could AI have spotted them?

Could AI have prevented the collapse of Mt. Gox had it been around then? Mt. Gox’s former CEO’s AI-powered post-mortem raises an interesting ‘what if.’ Former Mt. Gox CEO Mark Karpelès probably wishes he had access to today’s artificial intelligence when he bought Mt. Gox from its founder, Jed McCaleb, in 2011. That’s because Karpelès has just fed an early version of Mt. Gox’s codebase into Anthropic’s Claude AI. What he got back was an analysis that broke down the key vulnerabilities that led to the defunct exchange’s first major hack, while labelling it “critically insecure.”In a Sunday X post, Karpelès said he uploaded Mt. Gox’s 2011 codebase to Claude, alongside various data, including GitHub history, access logs and data “dumps released by” the hacker. Read more.

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Quantum Computing Threatens Bitcoin and Ethereum Security, Mysten Labs Warns

TLDR Bitcoin and Ethereum use ECDSA encryption, which quantum computers could break using Shor’s Algorithm by 2030, allowing attackers to reverse-engineer private keys from public blockchain data. Mysten Labs warns that quantum algorithms pose serious risks to blockchains, while networks like Solana, Sui, and Near using EdDSA are better positioned to resist quantum threats. Upgrading [.] The post Quantum Computing Threatens Bitcoin and Ethereum Security, Mysten Labs Warns appeared first on CoinCentral.