Elon Musk warns AI agents could exploit crypto after Binance hack

Elon Musk has warned that superintelligent AI agents could eventually exploit cryptocurrency systems to obtain money for themselves, following reports that the Binance hacker used stolen stablecoins to borrow millions of dollars in Ethereum. Summary Elon Musk warned that superintelligent AI agents could eventually exploit cryptocurrency systems to obtain money for themselves, following reports of a major Binance security breach. A wallet linked to the Binance attacker deposited 60 million USDT into Aave and borrowed approximately $44.6 million in wrapped Ether before the protocol introduced emergency restrictions. Musk did not suggest that artificial intelligence was involved in the Binance attack, but predicted that advanced AI agents could eventually carry out similar transactions independently. Aave froze hundreds of lending reserves across its V3 and V4 networks to prevent further borrowing activity, while existing loan repayments, withdrawals and liquidations remained available. Binance estimated that approximately $6.3 billion in cryptocurrency assets had been affected by the breach, with around $3 billion frozen through cooperation with industry partners. In an October 29 re...