Immunefi CEO: AI models sparked 'vulnerability apocalypse' in crypto

Mitchell Amador, CEO of bug bounty platform Immunefi, said new artificial intelligence models have shifted the cybersecurity playing field in favor of attackers, creating a "vulnerability apocalypse" that has driven a resurgence in decentralized finance hacks. He made the remarks at the recent WAIB Summit in Monaco.

Hacking activity across the industry surged in April 2026, with illicit actors stealing more than $634 million — the highest monthly total since the Bybit hack helped drive losses to roughly $1.4 billion in February 2025, DefiLlama data shows. Amador warned the next three to four years will be crucial, until cybersecurity teams harness these AI models to build "impregnable" codebases that attackers cannot breach.

He added the timeline could shrink to less than two years if the industry adopted more "crowdsourced security solutions" while researchers turn the models to defensive use.

Monaco, Monaco

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