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AI fuels crypto phishing risks despite Bitcoin's strong encryption, says Binance's CZ.

Market News
23 Oct 2026
BeInCrypto
View Source
Neutral
AI fuels crypto phishing risks despite Bitcoin's strong encryption, says Binance's CZ.

Binance founder Changpeng Zhao (CZ) warns that AI does not need to break Bitcoin's cryptography to cause harm; instead, it amplifies phishing and social engineering by using leaked personal data combined with convincing AI-generated messages. He highlights that Bitcoin's encryption is stronger than many internet and banking systems, which face greater risks if AI code-breaking advances. Meanwhile, Bitcoin Core developers are updating their security policies to quickly fix bugs that AI can easily rediscover, reflecting how AI is reshaping crypto security from scams to software vulnerabilities. This contrasts with Ethereum researcher Justin Drake's caution about AI potentially breaking wallet protections in the future, urging large holders to move funds to new addresses.

Bitcoin's market cap stands at Rp29.713,88 trillion as of Oct 23, 2026, 19:01 WIB, with a 24-hour trading volume of Rp455,82 trillion on Pluang. Despite the security concerns raised by Binance founder CZ about AI-driven phishing risks, Bitcoin's price remains stable at Rp1.475.432.563, showing a modest 0.17% increase in the last day. Binance Coin (BNB) also sees active trading with a market cap of Rp1.776,38 trillion and a 1.87% price rise, reflecting ongoing investor engagement on the platform.

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