• 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

Options Expiry Contributes to Cryptocurrency Market Volatility

chest

The recent options expiry involving 91,000 BTC and 435,000 ETH has led to increased market volatility and trader shifts.

user avatarGustavo Mendoza

Discussions on the Potential Impact of a Regime Change in Cuba

chest

Discussions on the potential impact of a regime change in Cuba and its implications for democratic transitions in Latin America.

user avatarMiguel Rodriguez

Binance's Compensation Program and Regulatory Engagement

chest

Zhao discusses Binance's completed 600 million compensation program and its regulatory status.

user avatarRajesh Kumar

GOP Representative Urges Evacuation from Cuba Amid Predictions of Regime Change

chest

A GOP representative urges US allies to evacuate citizens from Cuba due to predictions of the Castro regime's potential collapse by 2026.

user avatarLuis Flores

Senate Market Structure Bill Faces Opposition

chest

The market structure bill in the US Senate faces opposition from Democratic lawmakers and banking lobbyists over ethics provisions and potential implications for their industries.

user avatarMaria Gutierrez

JPMorgan CEO Confronts Coinbase CEO at Davos

chest

During a coffee chat at the World Economic Forum in Davos, JPMorgan CEO Jamie Dimon confronted Coinbase CEO Brian Armstrong over claims about banks sabotaging the digital asset market structure bill.

user avatarArif Mukhtar

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.