Ethereum Foundation researcher Justin Drake warned that advances in AI and mathematics could potentially break the ECDSA cryptographic standard, which is crucial for crypto wallet security, within months rather than years. This threat could materialize even before quantum computers become a concern.

Drake urged the crypto industry to prepare for "bunker mode," recommending that users gradually move assets to fresh addresses with unexposed public keys and rotate keys after signing transactions. He also advised major institutions to strengthen cold storage security, critical signers to consider hash-based signatures like SPHINCS, and Ethereum developers to accelerate the transition toward hash-based cryptography, while cautioning against panic or rushed migrations.