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Dragonfly's Haseeb Qureshi Says $2 AI Audit Could Have Caught Coldcard Flaw

Dragonfly's Haseeb Qureshi said the recent Coldcard hardware wallet vulnerability demonstrates that AI can find security flaws cheaply, and he urged crypto firms to use advanced AI models to test every software release.

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What happened

Dragonfly’s Haseeb Qureshi said the recent Coldcard hardware wallet vulnerability demonstrates that AI can find security flaws cheaply, and he urged crypto firms to use advanced AI models to test every software release.

Confirmed

Global impact / market context

If AI can spot bugs for just a few dollars, crypto companies could lower security costs and reduce breach risk, protecting user funds and maintaining trust in digital assets.

Analyst inference

Lower security testing costs could make crypto projects more financially efficient, potentially attracting more investors and encouraging broader adoption of AI‑driven security tools across the industry.

Analyst inference

What to watch

  1. Adoption of AI‑based vulnerability scanning by major crypto wallets and exchanges, which could set a new industry security standard. Proposed
  2. Regulatory guidance on AI use in cybersecurity for crypto firms, which may shape compliance requirements and reporting obligations. Proposed
  3. Performance of AI security vendors targeting the crypto sector, as their revenues may rise if firms adopt the suggested testing approach. Analyst inference

Evidence