This AI chatbot is either an exploiter’s dream or their nightmare

Share This Post

The crypto community has come across an AI-powered chatbot that can be used to audit smart contracts and expose vulnerabilities.

The online crypto community has discovered a new Artificial Intelligence (AI)-powered chatbot that can either be used to warn developers of smart contracts vulnerabilities or teach hackers how to exploit them. 

ChatGPT, a chatbot tool built by AI research company OpenAI, was released on Nov. 30 and was designed to interact “in a conversational way” with the ability to answer follow-up questions and even admit mistakes, according to the company.

However, some Twitter users have come to realize that the bot could potentially be used for both good and evil, as it can be prompted to reveal loopholes in smart contracts.

Stephen Tong, co-founder of smart contract auditing firm Zellic asked ChatGPT to help find an exploit, presenting a piece of smart contract code.

The bot responded by noting the contract had a reentrancy vulnerability where an exploiter could repeatedly withdraw the funds from the contract and provided an example of how to fix the issue.

This similar type of exploit was used in May by the attacker of the Decentralized finance (DeFi) platform Fei Protocol who made off with $80 million.

Others have shared results from the chatbot after prompting it with vulnerable smart contracts. Twitter user devtooligan shared a screenshot of ChatGPT, which provided the exact code needed to fix a Solidity smart contract vulnerability commenting “we’re all gonna be out of a job.”

With the tool, Twitter users have already begun to jest they’re able to now start businesses for security auditing simply by using the bot to test for weaknesses in smart contracts.

Cointelegraph tested ChatGPT and found it can also create an example smart contract from a prompt using simple language, generating code that could apparently provide staking rewards for Ethereum-based nonfungible tokens (NFTs).

ChatGPT’s example Solidity smart contract for NFT staking rewards from a simple prompt. Image: Cointelegraph.

Despite the chatbot’s ability to test smart contract functionality, it wasn’t solely designed for that purpose and many on Twitter have suggested some of the smart contracts it generates have issues.

The tool also might provide different responses depending on the way it’s prompted, so it isn’t perfect.

Related: Secret Network resolves network vulnerability following white hat disclosure

OpenAI CEO Sam Altman tweeted that the tool was “an early demo” and is “very much a research release.”

He opined that “language interfaces are going to be a big deal” and tools such as ChatGPT will “soon” have the ability to answer questions and give advice with later iterations completing tasks or even discovering new knowledge.

Read Entire Article
spot_img

Related Posts

PEPE Whales Move $21 Million Worth Of Coins – Here Are The Destinations

On-chain data shows PEPE whales have moved large amounts of the memecoin during the past day Here’s where these tokens have been heading PEPE Whales Have Been Active On The Network Today

Positive Market Turn: US Bitcoin ETFs See Substantial Inflows After Last Week’s Outflows

According to statistics, US spot bitcoin exchange-traded funds (ETFs) saw their second consecutive day of positive inflows after recording approximately $3783 million on Friday During Monday’s

Bitcoin’s April plunge leads to $2.92 billion in spot outflows

Quick Take Bitcoin faced massive selling pressure in April 2024, recording its most significant monthly decline of 15% since November 2022, when it dropped over 16% CryptoSlate previously analyzed

Here’s How This Ethereum Whale Made $16 Million From A Single Trade

An Ethereum whale was recently revealed to have made $16 million from a single trade involving the second-largest crypto token by market cap This whale’s story again highlights how conviction in an

Commencement Exercises Chaos! Drug-Induced Bitcoin Speech Gets Booed At Ohio State

Commencement speeches are supposed to be inspirational send-offs for graduating students, filled with wisdom and hope for the future But at Ohio State University’s ceremony this past Sunday,

AI-Powered Meme Coin WienerAI Passes $1M in ICO, Analysts Expecting 10x Returns

Crypto investors can’t seem to get enough of AI and meme coins lately – and WienerAI (WAI) is delivering a double dose of both This new project, which combines artificial intelligence
- Advertisement -spot_img