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Morning Express: Ethereum researchers say AI may break cryptocurrency encryption before quantum comp

2026-10-08 21:15:11
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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed in the article only represent his personal position and do not necessarily reflect Decrypt's views.

Headline: Ethereum researchers warn that artificial intelligence may crack cryptocurrency encryption before quantum computers

Justin Drake has warned for years that quantum computers may eventually crack the mathematical algorithms that protect cryptocurrency wallets. However, he made a more worrying point on Wednesday: Artificial intelligence could be one step ahead of the breakthrough, and it could be within a few months.

As a researcher at the Ethereum Foundation, Drake called on the industry to launch a so-called "bunker mode" plan. His suggestion is to move cryptocurrency to a completely new address where transactions have never been sent.

The reasons behind this are crucial. Each wallet contains a secret private key and a public key derived from the private key. The public key is hidden in encrypted form before the user spends money from the wallet. Once a transaction is sent, the public key is permanently exposed on the blockchain. If someone can reverse the derivation and deduce the private key from the public key, then all wallets that have sent funds will be exposed. Wallets that have only received funds and never sent them are relatively safe.

The system that performs such mathematical operations is called ECDSA (Elliptic Curve Digital Signature Algorithm), and both Bitcoin and Ethereum rely on it. Drake pointed out that it is necessary now to reasonably prepare for the ECDSA to fail before the arrival of quantum computers, and that in the worst case, this breakthrough could occur in months rather than years. By "failure", he means using a large graphics card cluster to recover other people's private keys in about a week.

The key factor that changes Drake's perspective is how quickly artificial intelligence can solve complex mathematical problems. He cited 722 mathematical results released by OpenAI on Tuesday. His argument is that the elliptic curve on which ECDSA is based has extremely rich mathematical patterns, a weakness that super-intelligent systems may exploit; and the hash function used to hide public keys is designed to resist such attacks.

Drake named Binance, Bitbank, Robinhood, Bitfinex and Tether to strengthen their cold storage facilities. At the same time, he also offered a touch of comfort to small holders: Among the addresses believed to belong to Bitcoin founder Satoshi Nakamoto, about 20,000 addresses each hold 50 BTC, and the public keys of these addresses have been exposed. Anyone trying to crack it will likely target these addresses first. Drake called it "Satoshi Nakamoto's shield."

那么,我们该如何应对?Drake 谨慎地表示,不必恐慌,也不必急于行动,但应开始将自托管的加密货币迁移到新的、安全的钱包中。当然,也有其他替代方案:例如使用交易所交易基金(ETF),或者使用经过验证的托管服务商如 Coinbase。如果你希望掌握自己的私钥,建议寻求专家协助以确保遵循最佳实践。

采取任何行动,很可能都比掩耳盗铃、指望问题自行消散要好得多……

企业国库与 ETF

模因币追踪器

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