Coinbase, Binance Compete for Claude Mythos AI as Crypto Loses ₱204.29 billion ($3.4 billion)
Two major crypto exchanges are racing to buy access to an AI model that could expose security flaws faster than teams can patch them. Cyvers Alert CEO Deddy Lavid warns the tool could unleash hundreds of millions to billions in losses across the ecosystem.
Key Takeaway
AI hackers could drain billions before protocols patch flaws—Bitcoin survives, but its infrastructure won't.
Anthropic restricted access to Claude Mythos to select big tech partners, but crypto's biggest exchanges want in. The Information reported on April 14 that Coinbase and Binance are vying to buy access to the AI model, which identifies security flaws across internet infrastructure at unprecedented speed.
Cyvers Alert CEO Deddy Lavid said the tool could expose crypto's weak points faster than teams can patch them. He told DL News that AI identifying vulnerabilities at scale will hit crypto first because the ecosystem runs on browsers, wallets, APIs, open-source libraries, and developer tooling directly connected to value transfer. Lavid estimated potential losses at hundreds of millions to billions of dollars.
Centralized exchanges accounted for nearly ₱120.17 billion ($2 billion) in historical losses tracked by Cyvers, while decentralized networks lost more than ₱30.04 billion ($500 million) and cross-chain bridges lost nearly ₱60.08 billion ($1 billion) in 2025.
Lavid said Bitcoin's core protocol remains relatively safe because it's simple and battle-tested, far less exposed to complex logic bugs than other ecosystems. But he warned that AI can still uncover vulnerabilities in the infrastructure layers where most users interact with Bitcoin—wallets, exchanges, and custodial services. He noted that protocols securing millions in value are often maintained by lean teams, aging codebases, or partially abandoned projects, creating a major risk multiplier in an AI-driven threat landscape.
Anthropic has not announced when Claude Mythos will be publicly released due to security concerns, with the company previously disrupting an AI-orchestrated cyber-espionage attack attributed to Chinese state actors in 2025.
This article was written based on reporting from Dlnews.
