AI Cyber Threats Shake Crypto Industry

The April hacks of crypto companies Drift and Kelp DAO have shaken the crypto sector because those attacks may have been aided by artificial intelligence (AI), Bloomberg reported Friday (May 15). Following the hacks, which netted the attackers a total of almost $600 million, Drift shut down and plans to relaunch after receiving stablecoins from Tether ; a decentralized finance (DeFi) project called Carrot that had exposure to Drift shut down permanently; and lending protocol Aave , which was use