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Bitcoin Developers Turn to Chinese AI Models Amid US Restrictions

Created at 13 Aug · 4:26 PM1 source↑ Market-relevant
IN SHORT

Bitcoin industry leaders and developers are increasingly relying on Chinese open-source AI models for cybersecurity research, citing restrictions on U.S. frontier models from OpenAI and Anthropic. These U.S. models reportedly block legitimate security work, hindering efforts to protect critical Bitcoin infrastructure.

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Key Numbers

70+organizations signed open letter
100+hours of Red Team work
501projects scanned by Red Team
7,958findings from Red Team audits
1,280high or critical severity findings
$100 million+bitcoin stolen from Coldcard exploit

Who's Involved

Rob Hamilton
CEO of AnchorWatch, Bitcoin self-custody insurance company
Francis Pouliot
Founder of Bull Bitcoin, Bitcoin-only exchange
PortlandHODL
Bitcoin Core contributor
Alex Thorn
Head of Firmwide Research at Galaxy
Bitcoin Policy Institute
Bitcoin and AI-focused policy think tank
Calle
Open-source developer, creator of Cashu and Bitchat Android

↳ Why This Matters

The reliance on Chinese AI models for cybersecurity by Bitcoin developers highlights a critical gap in U.S. AI accessibility for defensive purposes, potentially impacting the security of global digital infrastructure and raising questions about the competitiveness of the U.S. AI industry.

Key facts

  • Bitcoin developers are using Chinese open-source AI models due to restrictions on U.S. models like OpenAI's.
  • U.S. AI models have reportedly blocked legitimate cybersecurity research and code review.
  • Chinese models like Kimi K3 have successfully identified and helped patch vulnerabilities.
  • A recent exploit in Coldcard hardware wallets highlighted the need for robust AI-assisted security audits.
  • A Bitcoin Red Team effort used AI to scan over 500 open-source projects, finding thousands of vulnerabilities.

Bitcoin industry leaders and open-source developers are increasingly turning to Chinese open-source AI models for cybersecurity research, citing significant restrictions on U.S. frontier AI systems from companies like OpenAI and Anthropic. These U.S. models have reportedly blocked legitimate security work, forcing researchers to seek alternatives to protect critical Bitcoin infrastructure.

Rob Hamilton, CEO of AnchorWatch, expressed frustration with U.S. AI restrictions, stating he must use Chinese open-source models for research despite being a patriotic American. He reported being blocked from analyzing codebases even after responsible disclosure and gaining access to OpenAI's cyber model. Francis Pouliot, founder of Bull Bitcoin, echoed these sentiments, describing the situation as "cucked beyond belief" and noting that open-source Chinese models like Kimi K3 have proven effective in identifying and patching exploits, while U.S. models refused to review the same patches.

PortlandHODL, a Bitcoin Core contributor, highlighted a stark performance difference, with a Chinese model finding "78 critical vulnerabilities" where a U.S. model offered less. Alex Thorn, Head of Firmwide Research at Galaxy, signed an open letter from the Bitcoin Policy Institute, which calls for trusted access programs for qualified open-source and digital-asset defenders. The letter argues that current restrictions leave legitimate researchers disadvantaged against sophisticated attackers.

The cybersecurity pressure intensified following a July 30 exploit of a Coldcard hardware wallet firmware flaw, which resulted in the theft of over $100 million in bitcoin. In response, a volunteer Bitcoin Red Team, led by Calle and Rob Hamilton, conducted AI-assisted audits of Bitcoin open-source repositories. Using models like Kimi K3 as their primary tool, they scanned 501 projects and identified 7,958 findings, with 1,280 rated high or critical severity. The majority of computational resources were spent on Chinese open-weight models.

Lessons from the Red Team campaign indicate that the era of human-only open-source security review is over, with AI verification becoming essential. Developers are advised to maintain permanent AI audit pipelines and consider languages other than C for security-critical code, as memory-safety vulnerabilities are more easily exploited with current AI capabilities.

Frequently asked questions

They are using Chinese open-source AI models because U.S. frontier AI systems from companies like OpenAI and Anthropic are reportedly restricted, blocking legitimate cybersecurity research and code review.

The Bitcoin Red Team is a volunteer group of open-source developers formed after a Coldcard hardware wallet exploit, using AI to conduct large-scale audits of Bitcoin open-source repositories.

The primary concerns are that U.S. AI models are too restrictive, preventing security researchers from accessing powerful tools needed for defensive work, while sophisticated attackers face no such limitations.

The Coldcard exploit, which led to over $100 million in bitcoin theft, underscored the urgent need for advanced security auditing and highlighted the limitations faced by defenders due to restricted AI access.

What Happens Next

01OpenAI and Anthropic are expected to respond to the open letter demanding trusted access programs.
02The Bitcoin industry will likely continue to explore and integrate open-source AI models for security audits.
03Other software ecosystems may face similar challenges as AI capabilities advance and access becomes restricted.

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Cadence

How It Developed

Bitcoin developers report U.S. AI models like OpenAI's are restricted for cybersecurity research.
Rob Hamilton, CEO of AnchorWatch, stated he must use Chinese open-source models for research.
Francis Pouliot of Bull Bitcoin criticized OpenAI's restrictions, noting a Chinese model helped patch an exploit.
PortlandHODL highlighted a performance gap between U.S. and Chinese AI models in finding vulnerabilities.
Alex Thorn of Galaxy signed an open letter demanding trusted access to frontier AI models for defenders.
The Bitcoin Policy Institute published an open letter calling for trusted access programs for AI models.
A firmware flaw in Coldcard hardware wallets led to over $100 million in bitcoin theft.
A volunteer Bitcoin Red Team used AI, including Chinese models, to audit open-source repositories.

Sources

T1
Chinese AI Beats Restricted OpenAI and Anthropic Cybersecurity Models, Bitcoin Industry WarnsBitcoin Magazine

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