Dragonfly partner refutes the "bunker mode" and proposes a crypto recovery mode

Dragonfly Managing Partner Haseeb Qureshi posted on platform X, referring to the "obfuscation mode" warning proposed by Ethereum researcher Justin Drake as "crypto doomsday theory." He stated that migrating tokens to a new address is not a real solution under the threat of artificial intelligence potentially cracking cryptographic signatures. The "obfuscation mode" can only provide protection if investors do not transfer tokens out of the new address, and once other tokens are hacked and sold off in large quantities, these tokens will also become worthless.

Qureshi then called for blockchain networks to take proactive protective measures and proposed the "crypto recovery mode" plan: a hash-based backup signature mechanism that users can map to their own addresses. If cryptographic signatures are cracked, validators can force the recovery of assets based on this. According to Glassnode data, there are currently 6.26 million Bitcoins stored in at-risk addresses, accounting for over 31% of the total Bitcoin supply. Among them, approximately 4.33 million are exposed due to address reuse, and another 1.94 million are exposed due to address format; about 1.8 million exposed Bitcoins are stored on exchanges, accounting for 57% of the total balance on exchanges.

Previously, Ethereum researcher Justin Drake warned that the rapid advancement of artificial intelligence could crack the Elliptic Curve Digital Signature Algorithm (ECDSA) protecting crypto wallets sooner than expected. He cited a report from OpenAI regarding AI's mathematical advancements, stating that in the worst-case scenario, ECDSA could be compromised in "months rather than years," and advised users to gradually migrate funds to new wallets where the public key is not exposed.