• 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

Positive Community Response to Bitcoin Payment Integration

chest

Positive community sentiment and growing interest from merchants regarding Bitcoin payments.

user avatarRajesh Kumar

Binance Coin Faces Significant Price Decline Amid Falling BSC Transaction Data

chest

Binance Coin (BNB) is experiencing a steep price decline of nearly 40% due to a 75% drop in Binance Smart Chain (BSC) transaction volume over the past month.

user avatarAndrew Smith

XRP and Cardano: Key Players in the Evolving Crypto Landscape

chest

XRP and Cardano continue to attract attention from traders seeking stability and long-term growth.

user avatarZainab Kamara

LTC Trading Near Support Zone Amidst Weak Momentum

chest

LTC is trading near established support with weak momentum and shallow recovery attempts.

user avatarJacob Williams

Traders Shift Focus to Promising Early-Stage Crypto Coins

chest

Traders are shifting focus from large-cap cryptocurrencies to early-stage projects with breakout potential.

user avatarAyman Ben Youssef

LTC Shows Indecision Amidst BTC Pressure

chest

LTC is experiencing indecision on the daily chart as it underperforms BTC, leading traders to focus on lower time frames for potential scalping opportunities.

user avatarSon Min-ho

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.