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AI enables advanced phishing attacks on Bitcoin users without breaking cryptography, warns Binance founder.

Market News
23 Oct 2026
Crypto news
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AI enables advanced phishing attacks on Bitcoin users without breaking cryptography, warns Binance founder.

Binance founder Changpeng Zhao warned that artificial intelligence can harm Bitcoin users by enabling sophisticated phishing and social engineering attacks using leaked personal data, without needing to break Bitcoin's cryptographic protections. The FBI has also highlighted AI-assisted financial scams involving fake websites and impersonations. While Zhao suggested banks use weaker encryption than Bitcoin, this claim lacks detailed evidence. Past incidents like Coinbase's 2025 data breach and fake Ledger wallet phishing scams show how attackers exploit personal data to deceive users, but none involved breaking Bitcoin's cryptography. The risk lies in AI-enhanced deception rather than cryptographic vulnerabilities.

The Bitcoin security debate involving AI phishing provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 24, 2026 02:31 WIB: out of 50 priced assets, 36 rose and 13 fell. Notable moves include SAND at Rp938 with a 1-day change of -4.41% and a typical hold time of 124 days, COTI at Rp202 up 3.90% with 84% sell order activity, and VET at Rp130 up 3.33% with 88% sell order activity.

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