• 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

Global Interest in Crypto Derivatives Surges Amid Regulatory Changes

chest

Global interest in crypto derivatives is rising as Thailand's SEC proposes new rules, with Blockchain.com launching perpetual futures trading and Kraken's parent company acquiring Bitnomial.

user avatarFilippo Romano

Thailand's SEC Proposes Streamlined Licensing for Crypto Derivatives

chest

Thailand's SEC has proposed a new rule allowing digital asset companies to apply for derivatives licenses directly, streamlining the process.

user avatarEmily Carter

Sam Bankman-Fried Withdraws His Request for a New Trial

chest

Sam Bankman-Fried has officially withdrawn his request for a new trial, believing he would not receive a fair hearing.

user avatarTomas Novak

Polymarket Traders Cash In on Temperature Spikes in Paris

chest

Traders on Polymarket made significant profits from unusual temperature spikes reported by Météo France, leading to a police complaint.

user avatarKaterina Papadopoulou

Regulatory Scrutiny Intensifies for Prediction Markets After Polymarket Incident

chest

The recent betting incident involving Polymarket has raised significant concerns regarding the integrity of prediction markets, prompting bipartisan US senators to introduce legislation aimed at banning such platforms from offering sports-related wagers.

user avatarMaya Lundqvist

Tether Freezes $344 Million in USDT in Coordination with US Authorities

chest

Tether has frozen over $344 million in USDT across two Tron addresses as part of a compliance action with US authorities.

user avatarLeo van der Veen

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.