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Bitcoin Magazine PHP Hack: How Bitcoin Will Respond to the “Cyber Pandemic”

Government websites in France and Finland and hospital sites in the Netherlands are offline, Cloudflare is seeing attack traffic, and Britain’s National Cyber Security Centre is telling organizations to pull systems if they can’t patch fast. Bitcoin Magazine technical editor Shinobi joins Grace Remington and Sean Hagan to explain what broke in PHP, why memory management mistakes are the most common security flaw, and why AI finding the exploit in hours changes the pace of hacking but not its nature. He also answers the question every Bitcoiner is asking: is Bitcoin exposed?

Chapters:0:00 The PHP Exploit Takes Government and Hospital Websites Offline0:54 AI Found the Flaw in Hours: The “Cyber Pandemic” Warning1:45 What Actually Broke: Memory Management Mistakes Explained3:06 Why PHP Was Never Secure and Why This One Is Different in Scale3:47 Is the AI Hacking Story Sensationalized? AI Does 95% of the Work5:08 The Rough Adjustment Period and Why Shinobi Is Confident About the Other Side6:41 No Serious Software Will Ship Without an AI Security Audit7:23 Is Bitcoin Exposed? libsecp256k1, Bitcoin Core and Why Slow Development Was Right9:30 Take Your Lightning Node Offline and Keep Your Coins in Cold Storage12:09 Multisig and Sparrow Setup Checks, and Where to Follow Security Engineers

This post PHP Hack: How Bitcoin Will Respond to the “Cyber Pandemic” first appeared on Bitcoin Magazine and is written by Patrick Green.