Coinbase, a leading cryptocurrency exchange, recently conducted an experiment using ChatGPT, an artificial intelligence (AI) tool, to carry out a token security review. The experiment has sparked discussions about the potential of AI-based security tools in replacing human-led crypto audits.

The experiment revealed that ChatGPT and other AI tools are not yet advanced enough to fully replace human auditors in crypto audits. While AI can analyze large amounts of data quickly, it currently lacks the ability to contextualize information and make subjective judgments, which are crucial in detecting and preventing fraudulent activity.

Researchers caution that AI-based security tools should not be viewed as a replacement for human-led audits, but rather as a complementary tool that can improve the efficiency and accuracy of audits. The use of AI in audits can help auditors analyze data more quickly and identify potential risks more accurately.

The potential for AI to be integrated into the security stack of crypto audits is promising. AI tools can assist auditors in reviewing large amounts of data, providing insights that may not be immediately apparent to human auditors. The use of AI in audits can also help to identify patterns and trends in transactional data, enabling auditors to detect potential fraud and other illicit activity.

In conclusion, while the Coinbase experiment using ChatGPT for a token security review has highlighted the potential of AI-based security tools in crypto audits, researchers caution that such tools are not yet advanced enough to fully replace human-led audits. Nonetheless, the potential of AI to complement human-led audits in improving the efficiency and accuracy of crypto audits is promising.