Yehuda Lindell, Coinbase’s head of cryptography, stated that there is no proof supporting a breach of the long‑standing security foundations of elliptic curve cryptography. Lindell replied to a widely shared post by Justin Drake, who warned that AI could soon render the cryptography securing bitcoin, ether and other assets vulnerable, well before quantum computers appear.

Drake called on the blockchain community to go into “bunker mode” and advised crypto holders to transfer their holdings to fresh addresses that have never processed a transaction. Lindell said he initially had no intention to respond, calling the claim a poor one, but felt compelled to speak up as the discussion gained traction.

He added that the notion that AI’s advanced mathematics endanger elliptic curve hardness is unfounded. Moreover, even if such a break were possible, the consequences for the digital ecosystem—and the conventional financial sector—would be huge.

He warned that compromising ECC could enable the creation of fraudulent PKI certificates to mimic banks, the development of malicious banking apps, and even the signing of harmful operating systems to be distributed to phones and computers, allowing full takeover.

Lindell labeled the warning as fear‑mongering, noting the absence of any evidence for the alleged capability, and described the claim as classic fear, uncertainty, and doubt (FUD) that lacks factual basis.