Bitcoin Cryptographer Adam Back Calls Ethereum Blockchain’s Early Design “Broken” as Liquid Network Hack and SPAC Collapse Hit His Businesses

Adam Back, the longtime Bitcoin cryptographer whose early work was referenced by Satoshi Nakamoto and who has repeatedly denied speculation that he is Bitcoin ’s creator, recently sharpened his critique of Ethereum’s foundational design. In response to warnings from Ethereum researchers that artificial intelligence could potentially undermine the cryptographic signatures protecting both Bitcoin and Ethereum wallets far sooner than quantum computing threats—possibly in months rather than years—Back highlighted Bitcoin’s Unspent Transaction Output (UTXO) model.

First reported by Crowdfund Insider. This page is a short excerpt; the full text is theirs.