Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The DeFi Investor is urging decentralized finance users to act before that happens.<\/p>\n
The concern is based on how good Mythos is at finding software vulnerabilities, and a version of it becoming widely accessible could accelerate the speed at which attackers discover and exploit weaknesses in DeFi protocols.<\/p>\n
In a June 9 post on X, The DeFi Investor advised<\/a> followers to revoke all token approvals, use only heavily audited dApps, and spread funds across several wallets to reduce single points of failure.<\/p>\n For those who are not familiar, token approvals are permissions that users give to smart contracts, allowing the contracts to spend tokens on their behalf. They tend to accumulate silently over time, and they represent a standing attack surface if any approved contract is later found to be vulnerable.<\/p>\n \u201cWhat\u2019s scary about Mythos is that it\u2019s insanely good at finding severe vulnerabilities,\u201d wrote The DeFi Investor. \u201cClaude Opus 4.8 has also recently identified a critical bug for Zcash, and Mythos is supposed to be even better than Opus 4.8.\u201d<\/p>\n They added that DeFi will face a huge stress test in the next few months, and indeed, the Zcash vulnerability they mentioned gave a concrete illustration of this.<\/p>\n The privacy coin lost more than 35% of its value in one day after a security researcher using AI discovered a bug in its shielded Orchard pool that would\u2019ve allowed bad actors to endlessly mint new ZEC tokens.\u00a0It saw big-time crypto investor Arthur Hayes exit<\/a> his entire ZEC position, as uncertainty mounted on whether anyone might have already exploited the flaw.<\/p>\n Mythos has been restricted since April to about 50 organizations, including Amazon, Apple, Google, and Microsoft, through an Anthropic initiative known as Project Glasswing, in an attempt to put the model\u2019s capabilities to work for defensive purposes.\u00a0According to Bloomberg, Anthropic plans to expand<\/a> that circle by 150 more organizations across 15 countries.<\/p>\n However, multiple sources, including TFTC and journalist Alex Heath, have claimed<\/a> that the public version of Mythos will carry \u201csubstantial guardrails\u201d and will not be as permissive as what Project Glasswing partners can access.<\/p>\n The DeFi Investor\u2019s security tips have come at a time when a conversation has been building around the viability of decentralized finance.<\/p>\n In late May, OpenZeppelin co-founder Manuel Ar\u00e1oz declared<\/a> \u201call of DeFi unsafe\u201d and said he had advised people to exit positions in major protocols, including Aave, MakerDAO, and Compound.\u00a0His reason for doing that was that AI has tilted the security balance so far toward attackers that no protocol can currently be trusted to safely hold users\u2019 funds.<\/p>\n And truly, many crypto projects have been hit in the last few months, including attacks on KelpDAO and Drift Protocol in April, which led to the loss of more than $570 million combined.\u00a0More recently, hackers reportedly siphoned<\/a> at least $30 million worth of Humanity Protocol\u2019s H token from 17 wallets.<\/p>\n However, according to Aave Chan Initiative founder Mark Zeller, the fears about AI have been overblown, with fewer than 10% of DeFi security failures in the past year having been caused by code-level vulnerabilities.<\/p>\n Anthropic\u2019s own position, per Bloomberg, is that in the long run, AI will favor defenders, but \u201cthe transitional period will be fraught.\u201d<\/p>\n The post DeFi Users Warned to Revoke Approvals Before Anthropic\u2019s Mythos AI Launches<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Anthropic is reportedly set to release a public version of its Mythos AI model, and crypto analyst The DeFi Investor is urging decentralized finance users to act before that happens. The concern is based on how good Mythos is at finding software vulnerabilities, and a version of it becoming widely accessible could accelerate the speed […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-177687","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177687"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=177687"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/177687\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=177687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=177687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=177687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A Debate DeFi Was Already Having<\/h2>\n