Ethereum (CRYPTO:ETH) researchers are sounding the alarm. They warn that AI-driven mathematics could threaten the cryptography that secures blockchains, and that this could happen before quantum computing becomes a threat. ForkLog reported that Ethereum researcher Justin Drake says AI could break ECDSA before quantum computers do. The OECD’s AI Incidents Monitor has logged the researchers’ warning.
The call for “bunker mode” for Bitcoin (CRYPTO:BTC) holders came from Drake, according to Tekedia. Tekedia reported that Drake called for “Bunker Mode” as Vitalik Buterin warned of AI threats to cryptography, according to TradingView. NewsCord reported that Drake urged Ethereum and Bitcoin holders to adopt it. TradingView reported that Buterin backs crypto “bunker mode”, which makes him a champion of Drake’s idea, according to Tekedia.
Buterin said “the concrete security of lattices will take serious hits from the next 2 years of AI math”. He mentioned MLDSA, FHE and lattice-based cryptography. Johns Hopkins cryptography professor Matthew Green said: “I think we might lose public key cryptography.”
Buterin Is Urging Crypto Holders to Slow Down
The Block reported Buterin saying “Don’t rush anything” as he warned against hasty wallet migrations. CryptoRank reported that Buterin urges calm as AI raises new fears about the cryptography behind Bitcoin and Ethereum.
His comments matter. The loudest version of this story is an alarm, yet the person at the center is telling people to slow down. Researchers are worried, but whether the threat is real remains an open question.
Why an AI Math Threat Is Harder to Plan For
The hosts of TBPN compared the two threats. Quantum attacks on cryptography have been described mathematically, so defenders know what they face, but the AI math threat has not been described that way, making it harder to plan for.
South Korean Bank Attacks Show How AI Is Already Being Used in Hacking
CrowdStrike (NASDAQ:CRWD | CRWD Price Prediction) said South Korean banks were likely hacked by a China-based actor using an AI agent, according to Reuters. The hacker used a Chinese-Developed A.I. Tool, according to The New York Times. The agent ARTEX was made closed-source after the hacks, according to Technology Org.
Quartz reported hackers breached 7 South Korean banks, while Tom’s Hardware said data from about 25,000 customers was exposed. Officials believe AI models let attackers “hack with ease even without specialized skills.”
Bitcoin Is Down 32.82% Over 12 Months
TBPN’s hosts said Bitcoin was down 3% on the news and up 3% for the month and reasoned that markets were not panicking. Longer-term figures add context. Bitcoin traded at $82,786.78 as of 12:14 PM ET on October 9, 2026, up 2.35% over the past 24 hours. Its one-week change of -3.24% is close to the podcast’s figure, but it covers a full week of trading and precedes this news. Its one-month gain of 4.45% is larger than the hosts said.
The podcast left out the 12-month figure. Over the past year, Bitcoin has fallen 32.82%. Over 60 days, it is up 27.94%. Over the shortest periods, there is no sign of panic about this warning, so the hosts’ point holds, but a reader who heard only that Bitcoin was down 3% would not get an accurate picture of its year.
Why Stealing Every Wallet Could Backfire
The hosts reasoned that breaking Bitcoin would be self-defeating, because an attacker who stole every wallet would destroy the value of what they took. An attacker seeking destruction rather than profit would not be held back by that logic. Jordi Hays said the classic crypto strategy of holding “is not necessarily going to be effective for this next chapter.”
An industry built on resisting government regulation may find that protecting itself from this risk points toward regulating AI.