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AI-driven scams are the next big crypto security threat, warns Solana Foundation's new CISO.

Market News
01 Aug 2026
Coindesk
View Source
Neutral
AI-driven scams are the next big crypto security threat, warns Solana Foundation's new CISO.

Michael Coates, the new Chief Information Security Officer at Solana Foundation, warns that AI-powered social engineering and fake identities will drive the next wave of crypto security threats, shifting focus from smart contract exploits to human vulnerabilities. He highlights that many recent hacks stem from operational security failures rather than blockchain flaws. Coates emphasizes the need for multi-layered security systems that protect users by default, as AI advances will make scams more convincing, including deepfake calls. Looking ahead, Solana is preparing for quantum computing threats by adopting post-quantum cryptography to safeguard the ecosystem's future.

More News (SOL)

Crypto market cap drops 2.6% to $2.82T despite Bitcoin's slight rise to $83,404

Crypto market cap drops 2.6% to $2.82T despite Bitcoin's slight rise to $83,404

The total cryptocurrency market capitalization fell by 2.60% to $2.82 trillion on October 13, even as Bitcoin's price increased slightly by 0.48% to $83,404. This decline reflects ongoing weakness in many major digital assets, with Ether down 0.18%, ...

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JUP token surges 51% in 4 weeks despite fee revenue drop, driven by growth in lending on Solana.

JUP token surges 51% in 4 weeks despite fee revenue drop, driven by growth in lending on Solana.

Jupiter's governance token JUP has risen about 51% in the past month, fueled by rapid growth in its lending business on the Solana blockchain. While JUP's 30-day fee revenue is around $5.5 million—far below its 2025 peak of $580 million—the token's p...

Protocol Fundamentals
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Solana's Alpenglow upgrade on Oct 21 aims to cut transaction time from 12.8s to 150ms, boosting network speed and resilience.

Solana's Alpenglow upgrade on Oct 21 aims to cut transaction time from 12.8s to 150ms, boosting network speed and resilience.

Solana is set to activate its Alpenglow mainnet upgrade on October 21, which will drastically improve transaction finality by reducing processing time from about 12.8 seconds to 150 milliseconds. This upgrade is designed to enhance the network's spee...

Protocol Fundamentals
Bullish
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Mastercard launches Open USD stablecoin on Solana to boost cross-border payments

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Mastercard has introduced the Open USD (OUSD) stablecoin on the Solana blockchain to improve cross-border payment speed and transparency. This initiative, supported by partners like Visa, Coinbase, Stripe, and Shopify, aims to reduce delays and fees ...

Market News
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Solana (SOL) drops over 10% to $107 amid largest ETF outflows since launch

Solana (SOL) drops over 10% to $107 amid largest ETF outflows since launch

Solana (SOL) fell 10.7% from $120.65 on Oct. 7 to $107.77 on Oct. 13, revisiting the $100 support level. The token remains below key trend indicators and daily resistance levels around $109 to $116. U.S. Solana ETFs saw $24.8 million in net outflows ...

Technical Signals
Bearish
10 hours ago
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