Item — HN Reader

so there was $70 million just sitting there for five years in the open that anyone could have taken. Nuts.

Enticed by riches, hackers worldwide are now going through all firmware source code , wit the help of the latest AI models, for all wallets to find misconfigurations and other problems. Expect more thefts from low entropy bugs. AI has clearly been shown to be more more adept at auditing code than humans.

1 comments

Meanwhile nobody has ever been able to hack a bank. Probably because they employ the actual pros unlike crypto.

And their source code isnt wide open for analysis

> Nobody has been able to hack a bank

Bro, people lose hundreds of millions of dollars to bank scams on a yearly basis.

Bank scams mostly trick the user into making a transfer or having their credentials stolen somehow and very rarely directly hack the bank which is more like what this attack is doing.

Not the same. And it's not like the same scams don't exist for crypto. Even worse, many of them are automated. One bad npm install could swipe my crypto, but probably not my bank account.