Wall Street’s trillion-dollar dilemma: Why AI-powered hackers are keeping big banks off the blockchain
Traditional financial institutions want to move trillions of dollars of assets onchain, but security risks are a major blocker. CertiK CEO Ronghui Gu says banks and other conservative allocators are wary of AI-driven attacks, smart contract bugs, oracle manipulation, and cross-chain bridge hacks. He argues the threat is worsening because exploits are becoming faster and more efficient with AI. April was described as the worst month in four years for hacks, with only a few hack-free days, and CertiK believes AI likely amplified the surge. Recent major incidents, including large DeFi and exchange breaches, show how quickly losses can spread across the ecosystem. Gu says attackers have an unfair advantage: they can spend heavily and run nonstop scans, while defenders are constrained by fixed budgets and limited security windows.
