AI-driven hacks are keeping Wall Street from moving trillions onchain

Traditional financial institutions are preparing to move trillions of dollars of assets onchain, but persistent security risks are giving conservative capital allocators pause. "Right now, more and more institutions are trying to move assets onchain," CertiK CEO Ronghui Gu said.

"They imagine that, let's say in 10 years, multiple trillion dollars — even tens of trillions of dollars — of assets are going to move onchain." Gu warned the operational reality remains too risky, pointing to AI attacks, smart contract vulnerabilities, oracle manipulation and cross-chain bridge hacks as major obstacles.

"When they move assets onchain, they need to face all these AI attacks, smart contract vulnerabilities, oracle manipulation, and cross-chain bridge hacks," he said, calling those threats a key blocker for TradFi. CertiK detected hacks nearly every day in April — "only three days without a hack," Gu said — and attributes the sudden spike largely to AI-driven attacks.

United States, Wall Street

ai attacks, wall street, onchain assets, smart contracts, oracle manipulation, bridge hacks, certik, ronghui gu, tradfi, security risks