Justin Drake, senior researcher at the Ethereum Foundation, is urging the cryptocurrency industry to enter « bunker mode » against what he considers an imminent threat: artificial intelligence could break elliptic curve cryptography (ECDSA) within months, potentially even before quantum computers arrive. He calls for a mass migration to wallets (« bunker wallets ») that have never signed a transaction, exposing only public key hashes rather than raw public keys on-chain. Drake named four major custodians by name: Binance, Robinhood, Bitbank, and Bitfinex and Tether. He admits that safely exiting bunker mode will require post-AI cryptography that does not currently exist in blockchain consensus like Bitcoin’s.
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