Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff editor

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff editor

Crypto companies urge AI firms to give Bitcoin developers early access

Latest NewsPublishedAug 12, 2026

Why Crypto Security Matters to You

The security of cryptocurrency is a concern that affects everyone, not just crypto experts. With over $1 trillion in value secured by Bitcoin alone, a vulnerability in open-source infrastructure can put life savings at risk. That’s why a group of cryptocurrency companies, including the African Bitcoin Institute and Kraken, are urging AI companies to give Bitcoin developers early access to their most capable models.

The Importance of Early Access

The Bitcoin Policy Institute and other industry participants believe that early access to frontier AI models can aid Bitcoin and open-source developers in their cybersecurity efforts. This can help prevent hacking activity, which surged in April 2026 with over $634 million stolen from cryptocurrency platforms. By giving developers access to advanced AI capabilities, they can identify potential weaknesses and accelerate complex technical work to stay ahead of malicious actors.

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The Future of Crypto Security

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The open letter was co-signed by multiple crypto companies and organizations, including the African Bitcoin Institute, Anchorage Digital, BitGo, Bitwise, Blockstream, Bull Bitcoin, MARA, Kraken, Ledger and Trezor, among others.

Related: Strategy-led group pledges $15M to quantum-proof Bitcoin network

Open-source defenders need access to frontier AI

The letter said frontier AI is changing the economics of security research and cyber operations because advanced models can search large codebases, identify potential weaknesses and accelerate complex technical work for both defenders and adversaries.

It said frontier AI could become one of the “most powerful defensive technologies ever developed,” adding:

“Without dedicated access programs, defenders may lack the tools needed to keep pace with evolving threats to the infrastructure they maintain.” 

The BPI said it received multiple independent reports from open-source maintainers describing sophisticated actors, including potential foreign adversaries, using advanced AI capabilities to sustain attacks.

Total crypto hacks by monthly sum, all-time chart. Source: DefiLlama

Hacking activity across the industry surged in April 2026, as malicious actors stole over $634 million from cryptocurrency platforms, the highest monthly total since the Bybit hack, which helped drive losses to roughly $1.4 billion in February 2025, according to DefiLlama data.

Advances in AI-assisted vulnerability discovery have raised concerns across the crypto security industry. New models such as Claude Opus 4.8 and ChatGPT 5.5 have contributed to what Mitchell Amador, CEO of bug bounty platform Immunefi, described as a “vulnerability apocalypse” for the crypto industry.

Magazine: Bitcoin’s quantum upgrade path: What BIP-360 changes and what it does not

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
• Cybersecurity
• Developers
• Open Source
• Hackers
• Hacks
• Bitcoin Adoption
• Bitcoin

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