Can AI Agents Enhance Ethereum Security? OpenAI and Paradigm Pioneer a Testing Arena
Key Takeaways
- OpenAI and Paradigm have launched EVMbench to enhance Ethereum smart contract security.
- EVMbench tests AI agents’ capability to detect, patch, and exploit smart contract vulnerabilities.
- The initiative reflects the ever-growing importance of smart contract security amid expanding AI-driven utilities.
- Significant advancements were made with the GPT-5.3-Codex, demonstrating potential in cybersecurity applications.
WEEX Crypto News, 2026-02-19 09:43:01
The burgeoning world of cryptocurrencies and blockchain technology hinges increasingly on robust security measures. Among these technologies, Ethereum, with its decentralized network and comprehensive suite of smart contracts, stands as a pillar. But with complex systems come vulnerabilities. Addressing this, OpenAI, renowned for its developments in artificial intelligence, and Paradigm, a crypto-focused investment powerhouse, have embarked on a joint venture—EVMbench.
The Genesis of EVMbench
Designed as a sophisticated testing ground, EVMbench aims to rigorously evaluate AI agents in their proficiency to identify, rectify, and exploit significant vulnerabilities in Ethereum Virtual Machine (EVM) smart contracts. But why is this important? To appreciate the significance, one must understand the role of smart contracts. These self-executing contracts with terms written in code operate the core functionalities of the Ethereum network. Whether it involves decentralized finance (DeFi) protocols or token launches, smart contracts are integral.
With technological advancements fostering an uptick in decentralized applications, the importance of robust security systems cannot be overstated. As per the data from Token Terminal, in November 2025 alone, Ethereum saw a record deployment of 1.7 million smart contracts. Within just the previous week, the network had 669,500 contracts deployed, illustrating the scale and criticality of maintaining their security.
Insights into EVMbench
EVMbench’s inception results from meticulous planning and leveraging past vulnerabilities. The system draws insights from 120 carefully selected vulnerabilities from 40 audits, primarily sourced from open audit competitions like Code4rena. Furthermore, it incorporates scenarios from Tempo, Stripe’s purpose-built blockchain specializing in high-throughput, low-cost stablecoin payments. With participation from prominent entities such as Visa and Shopify, Stripe’s Tempo initiative, active since December, further emphasizes the real-world applicability of these systems.
Three Pillars of Evaluation: Detect, Patch, and Exploit
EVMbench focuses on three critical modes to evaluate AI models: detect, patch, and exploit. In the “detect” phase, AI agents scrutinize code repositories for vulnerabilities, garnering scores based on their recall of known issues. The “patch” mode requires agents to address these vulnerabilities, ensuring the original contract functionalities remain intact. Lastly, in the “exploit” phase, agents simulate full-scale fund-draining attacks within a controlled blockchain environment, judged on the basis of deterministic transaction replays.
Performance on these evaluations offers a mirror into the capabilities of AI in cybersecurity. For example, with the Codex CLI, OpenAI’s GPT-5.3-Codex astonished with an exploit-mode score of 72.2%, significantly surpassing the 31.9% achieved by GPT-5 just six months earlier. However, it’s crucial to note the limitations in the detection and patch phases, where agents occasionally did not conduct exhaustive audits or faltered in preserving contract functionality.
Broader Implications and Industry Dynamics
While EVMbench promises profound implications for Ethereum’s security, OpenAI and Paradigm caution that it does not encapsulate the full spectrum of real-world security intricacies. However, testing in economically consequential contexts is imperative, especially as AI continues to be wielded as a tool for both security professionals and cyber attackers.
The digital frontier sees diverse voices. Sam Altman, OpenAI’s founder, and Vitalik Buterin, Ethereum’s co-founder, have expressed differing views on AI’s developmental pace. In early 2025, Altman confidently articulated his firm’s ability to craft artificial general intelligence (AGI) as traditionally conceptualized. Conversely, Buterin advocates for a ‘soft pause,’ creating a safety net to mitigate risks if warning signs arise during AI deployment.
The Future of AI in Cybersecurity
The collaboration between OpenAI and Paradigm echoes a broader trend in leveraging cutting-edge AI to bolster cybersecurity—an arena where attackers and defenders perpetually vie for supremacy. The prospects of AI bolstering Ethereum’s security and, by extension, broader blockchain platforms unlock fascinating possibilities. As the AI models improve, they serve as both a deterrent to malicious activities and a boon for secure smart contract deployment, safeguarding an increasing array of applications on the Ethereum network.
With the expansion of smart contracts and decentralized applications, EVMbench’s role becomes integral. It offers a balanced mix of foresight and innovation, crucial for maintaining the security of billions in digital assets transacting through these networks.
By aligning AI capabilities with the expansive needs of blockchain security, EVMbench marks an evolutionary step in crafting resilient digital infrastructures. As the world progresses into a digital-first economy, such initiatives position technologies like Ethereum on solid ground, ready to face future challenges head-on.
As industries continue to converge with technological advancements, the role of AI in cybersecurity will likely grow. Its potential to transform and enhance security measures is undeniable, providing an impetus for further innovations that drive the ecosystem forward. With initiatives like EVMbench leading the charge, the future of blockchain security looks promising, heralding new possibilities for a safer digital world.
FAQ
What exactly is EVMbench, and how does it improve Ethereum security?
EVMbench is a cutting-edge tool developed by OpenAI and Paradigm to scrutinize and enhance the security of Ethereum’s smart contracts. It achieves this by assessing AI agents’ ability to detect, patch, and exploit vulnerabilities, thereby fortifying the network against potential cyberspace threats.
How has GPT-5.3-Codex performed in EVMbench’s evaluations?
In the exploit mode of EVMbench, GPT-5.3-Codex demonstrated a remarkable performance, achieving a score of 72.2%. This marked a significant improvement over its predecessor, GPT-5, reflecting advancements in AI’s ability to handle complex security challenges within blockchain environments.
Why are smart contracts critical to Ethereum’s network?
Smart contracts are fundamental to Ethereum’s network, automating transactions and enabling decentralized applications to function seamlessly. They power various operations, from DeFi protocols to token launches, making their security a priority.
How does EVMbench utilize past vulnerabilities?
EVMbench leverages insights from 120 selected vulnerabilities drawn from extensive audits and competitions like Code4rena. This approach ensures that AI agents are evaluated against a wide array of documented weaknesses, fostering a comprehensive understanding of potential risks.
What are the broader implications of EVMbench in AI-driven cybersecurity?
EVMbench reflects a pivotal moment in the integration of AI with cybersecurity. By leveraging AI to enhance Ethereum’s security, it sets a precedent for future collaborations that explore AI’s potential to revolutionize the protection of digital infrastructures against cyber threats.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.

