Coinkite's AI Audit Didn't Fail. It Was Pointed in the Wrong Direction

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Last week about $114 million in Bitcoin drained out of hardware wallets. These are the little offline devices people buy so that exactly this cannot happen.

The manufacturer, Coinkite, published an explanation. It says the company has "to assume that someone used AI to review previous versions of our firmware and stumbled upon this issue."

Two paragraphs later, the same document says this: "A few weeks ago, we used one of the best available AI models to review our code for security issues, and it did not find this bug or anything serious."

Read those together. An AI found the flaw. Also, their AI looked for the flaw and found nothing. Six publications have now repeated the first sentence. None of them tested it.

I am not a cryptographer or a security researcher. I am a marketer who runs AI tools across my own work every day and finds...

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