Five Nonexistent Experts Review Your Startup Before You Build It

In November 2024, a project named Freysa assigned an LLM agent to guard an Ethereum wallet. The instruction was straightforward: under no circumstance should the funds be transferred. Participants paid increasing amounts for each attempt to convince it otherwise. After 481 attempts and $47,000 added to the pot, someone managed to trick the model into believing that the reject function was actually the transfer function. Weeks later, Jane Street published a puzzle involving a 2,500-layer neural network that turned out to be an MD5 implementation. The winner solved it by combining matrix visualization, reduction to SAT, cryptographic pattern recognition, and a query to ChatGPT. ...

March 11, 2026 · Fernando