Written by Felix Ngstaff editorReviewed by Yohan Yunstaff editor

Written by Felix Ngstaff editor

Reviewed by Yohan Yunstaff editor

Crypto firms still seeking frontier AI access; only select few have it

Latest NewsPublishedAug 4, 2026

Crypto Firms Seek Access to Advanced AI Models for Enhanced Security

Crypto executives believe that restricting access to powerful AI models may be justified initially, but as open-source alternatives become more capable, it no longer makes sense. The lack of access to these models creates a new security divide in the industry, where exploits can put billions of dollars at risk.

Crypto firms, including Binance, are still waiting to gain access to advanced AI models like Anthropic’s Mythos to strengthen their code against attacks. Only a select few, such as Coinbase, have secured access to these models. This uneven access raises concerns that crypto firms are left to deal with sophisticated AI-assisted attacks without the most capable tools to defend against them.

Security Divide and the Need for Access

The restricted access to frontier AI models has created a security divide in the crypto industry. While model developers like Anthropic and OpenAI have chosen to restrict their most cyber-capable models, there are concerns that increasingly powerful open-source alternatives mean crypto firms are left vulnerable to attacks. Crypto security executives believe that there is a need to initially restrict access to these models, but as publicly available models approach the same capabilities, it becomes harder to justify the restrictions.

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Streamlining Access to Advanced AI Models

Crypto executives, including Binance’s chief security officer Jimmy Su and Solana Foundation’s chief information security officer Michael Coates, support the need for safeguards but argue that legitimate defenders need a faster route to access these models. They believe that streamlining the verification programs and acceptance programs can help give these models to legitimate defenders, ultimately favoring defenders as they greatly outnumber the small groups conducting sophisticated attacks.

Crypto executives say restricted access is initially necessary

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Crypto security executives interviewed by Cointelegraph said there is likely a need to initially restrict access to frontier cyber models, but said continuing to gate them becomes harder to justify once publicly available models approach the same capabilities. 

Source: Zooko Wilcox

Su said Anthropic’s controlled rollout is a responsible approach because newly released models may benefit attackers faster than defenders. 

“If it enhances the attacker much faster than the defender, then it actually is harming the ecosystem,” he said, adding that a limited testing period could reduce the potential “blast radius.”

Related: Can AI drain DeFi? Separating Claude Mythos hype from reality

However, Su said this calculation changes when competing models become more powerful and widely available. 

“As other more powerful models are being released, the pressure will be on Anthropic to make it more widely available,” he said. The question would be whether defenders can deploy the frontier model as effectively as attackers once it becomes available, he said. 

The number of critical-severity CVEs has climbed after the launch of Claude Mythos Preview. Source: Epoch AI

Solana Foundation chief information security officer Michael Coates, who joined the foundation in July, also supported safeguards but argued that legitimate defenders need a faster route to them. 

“I fully understand guardrails for advanced models, but we need to streamline the verification programs, the acceptance programs, to give these models to legitimate defenders,” he said.

“We need to make sure that the best models we can get are in the hands of defenders because attackers will have something capable enough.”

Blockchain Capital’s Sean Cheetham also supported eventually opening up restrictions, and said that broader availability could ultimately favor defenders as legitimate security researchers greatly outnumber the small groups conducting sophisticated attacks. 

“If good people can multiply their defense scale… you’re much better off just opening it up and allowing them to defend themselves,” he said.

Uneven access to frontier AI models 

Binance’s lack of access comes despite it being the biggest crypto exchange in the world by daily trading volume. The exchange holds a total of $137.8 billion in assets, according to DefiLlama. 

Crypto custodian Fireblocks, which secures trillions in assets annually, said in April it has sought access to Mythos and at the time, only used Anthropic’s publicly available model for pentesting, according to The Information, while Uniswap founder Hayden Adams in June slammed Fable 5’s safeguards that restrict prompts relating to cybersecurity. 

The Ethereum Foundation in July said it has been running “coordinated AI agents” to find bugs across its systems, but didn’t disclose which models were being used. 

Cointelegraph reached out to Ethereum Foundation, Fireblocks and Uniswap to confirm if they have since received access to frontier AI models. 

Source: Hayden Davis

Meanwhile, some crypto-adjacent companies have gained access. FIS, which provides technology to banks and partnered with Circle in July last year to let banking clients offer domestic and cross-border payments in USDC, joined Project Glasswing last month. 

Project Glasswing is Anthropic’s gated program for giving vetted cyber defenders and organizations responsible for critical software infrastructure early access to its restricted Mythos models.

HackerOne, which provides bug-bounty and security testing services to major crypto exchanges, among others, also said it joined Project Glasswing, though testing is confined to its own infrastructure, not its customers’ programs. 

Cointelegraph reached out to OpenAI and Anthropic about how many crypto companies have been given access to restricted models. 

AI-assisted hacking attempts on the rise

On Monday, Bitcoin swap service Boltz said it has chosen to halt its non-custodial bridge after seeing a steady rise in AI-assisted exploits over the past few months. 

“The pattern is clear: attackers now iterate faster than a team our size can find and patch.”  

Last week, Bitcoin hardware wallet company Coinkite said a number of its Coldcard devices were exploited due to a flaw in its wallet seed generation, which turned out to be less random than expected. 

It speculated that the attacker had used AI to review previous versions of the firmware to find and exploit the flaw, despite it using “one of the best available AI models” to review its code just weeks before. 

Magazine: Fears of AI-driven DeFi hack epidemic overstated for now — but not for long

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• AI
• Hacks
• Cybersecurity
• Industry

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