• 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

BitMine Faces Major Losses as Ethereum Price Falls

chest

BitMine has reported a staggering increase in unrealized losses, now totaling $66 billion, as Ethereum's price continues to decline. Despite this, chairman Tom Lee has reiterated the company's confidence in Ethereum's fundamentals.

user avatarSon Min-ho

Senator Lummis Urges Banks to Innovate or Risk Obsolescence

chest

Senator Cynthia Lummis urges traditional banks to innovate to avoid obsolescence due to regulatory delays and the rise of blockchain technology.

user avatarAyman Ben Youssef

Robinhood CEO Vlad Tenev Predicts Prediction Markets Will Dominate

chest

Vlad Tenev, the CEO of Robinhood, predicts that prediction markets will become a dominant asset class due to increasing retail interest in political forecasting.

user avatarTando Nkube

BBVA Joins European Banking Consortium for Euro-Pegged Stablecoin

chest

BBVA has joined a consortium of European financial institutions to launch a euro-pegged stablecoin, expected in the second half of 2026.

user avatarKofi Adjeman

MicroStrategy Faces Major Stock Decline Amid Bitcoin Weakness

chest

MicroStrategy, the largest corporate holder of Bitcoin, has seen its stock plummet due to falling Bitcoin prices.

user avatarNguyen Van Long

XRP Sentiment Surges Amid Market Decline

chest

Recent data shows increasing optimism about XRP among social media users, contrasting with declining sentiment for Bitcoin and Ethereum during the market downturn.

user avatarSatoshi Nakamura

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.