AI may pose bigger threat to DeFi than Bitcoin, Charles Edwards says

Artificial intelligence may pose a bigger threat to DeFi protocols than to Bitcoin, according to Charles Edwards, founder of crypto investment firm Capriole Investments. In an interview with Cointelegraph, Edwards said the AI model "Mythos" had broken through multiple security safeguards in succession. If that could happen in a conventional computing environment, similar incidents could also occur across many DeFi protocols, Edwards said. Edwards added that DeFi hacks had become more frequent over the past 12 months, weighing on the crypto industry. He also said massive capital inflows into the AI market were drawing some funds away from cryptocurrencies broadly, including Bitcoin.