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Ethereum founder Vitalik Buterin dismissed claims that AI-driven security threats could trigger a 50% crash in Bitcoin's price. He emphasized the blockchain's cryptographic resilience and available upgrade options as robust defenses against AI-related risks. Furthermore, Buterin suggested that AI's role in blockchain technology should be viewed as a means to enhance security defenses rather than just a source of threats.
On September 6, the Liquid Network Bitcoin sidechain paused its operations following a security breach involving the unauthorized withdrawal of $320 million worth of BTC. Consequently, cryptocurrency exchanges have suspended all LBTC deposits and withdrawals. Blockstream is currently attempting to contact those responsible for the withdrawal to address the incident.
