• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

The Story Behind AI-bot Freysa's $47,000 Fund Transfer

user avatar

by Giorgi Kostiuk

a year ago


In a unique experiment, AI-bot Freysa transferred $47,000 to a participant, accumulated from 195 participants. The primary goal was to protect funds from unauthorized transfers.

Experiment Phases

Freysa, the world's first 'adversarial agent,' conducted an experiment where 195 participants had to convince the bot to transfer funds. A fee was charged for each message, contributing to the prize pool, which eventually reached $47,000.

How a Participant Won

After 481 failed attempts, a participant managed to convince Freysa by reiterating its directive functions regarding approval and rejection of transfers. They suggested that incoming transfers did not breach the bot's key directive and added a $100 treasury offer, which swayed Freysa's decision.

What If There Had Been No Winners

According to BaseScan, $47,000 worth of Ether was transferred from Freysa's wallet. Had there been no winners, 10% of the prize pool would have been given to the last query sender, and the remaining 90% would have been divided among all participants.

The experiment with Freysa highlighted the intersection of technology and human ingenuity in cyberspace, underscoring the importance of strategy and creativity in AI-driven systems.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Egrag Crypto Warns of Potential Market Risks

chest

Egrag Crypto warns of potential market risks for XRP investors due to external factors like regulatory changes.

user avatarBayarjavkhlan Ganbaatar

Egrag Crypto Offers Guidance for XRP Investors

chest

Egrag Crypto offers guidance for XRP investors on managing emotional and financial resources during market downturns.

user avatarTenzin Dorje

Gemini Exits Canada to Focus on US Market

chest

Gemini, led by the Winklevoss twins, is withdrawing from Canada and other secondary markets to concentrate on the US.

user avatarMohamed Farouk

JPMorgan Faces Scrutiny Over Past Manipulative Conduct

chest

JPMorgan faces scrutiny due to past manipulative conduct, having paid over $920 million for deceptive practices in precious metals futures.

user avatarDiego Alvarez

John E Deaton Accuses JPMorgan of Manipulating Bitcoin Prices

chest

John E Deaton accuses JPMorgan and CEO Jamie Dimon of manipulating Bitcoin prices through paper markets, drawing parallels to past manipulations in precious metals.

user avatarElias Mukuru

DDC Continues Bitcoin Accumulation Amid Corporate Shift

chest

DDC has purchased an additional 105 BTC, reflecting a growing trend among corporations to secure Bitcoin as a treasury asset.

user avatarKenji Takahashi

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.