• 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

NYDIG in Talks to Acquire Alcoa's Massena Smelter for Bitcoin Mining

chest

NYDIG is in advanced negotiations to acquire the Alcoa Massena East smelter site for Bitcoin mining, expected to close in mid-2026.

user avatarEmily Carter

Digital Firms Acquire Retired Industrial Sites for New Operations

chest

The trend of repurposing retired industrial sites for digital operations is gaining momentum, with companies like TeraWulf and NYDIG acquiring shuttered smelters.

user avatarTomas Novak

Poland's Parliament Fails to Override Presidential Veto on Crypto Legislation

chest

Poland's Parliament failed to override President Karol Narcowski's veto on cryptocurrency legislation, deepening tensions between the legislative branch and the presidency.

user avatarKaterina Papadopoulou

Bitcoin Shows Divergence Between Institutional and Retail Investors

chest

A recent analysis by XWIN Research Japan highlights a significant divergence in Bitcoin investment behavior between institutional players and retail investors, suggesting potential for price growth.

user avatarMaya Lundqvist

Geopolitical Tensions Impacting Crypto Market Amid US-Iran Conflict

chest

The ongoing US-Iran conflict has led to instability in the geopolitical landscape, affecting global financial markets and the cryptocurrency market.

user avatarLeo van der Veen

Surge in Online Investment Fraud in Hong Kong

chest

Surge in online investment fraud cases in Hong Kong, with over 80 reported in a week and losses exceeding HK80 million.

user avatarAisha Farooq

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.