Taylor Monahan

Things Taylor Says on Podcasts

Principal security researcher at MetaMask, working on the team that grew out of MyCrypto and MyEtherWallet, the Ethereum wallet she co-founded in 2015. Her work centers on wallet drains, seed-phrase theft, and tracking North Korean IT workers and hacking crews operating inside DeFi and crypto companies. She writes and speaks about scams and hacks as they happen, publishing post-mortems and safety guidance rather than general market commentary. She co-hosts the security segment on Laura Shin's Unchained podcast, appearing weekly to unpack the latest hack, exploit, or governance fight in crypto. She has also spoken at Consensus and Mainnet and appeared on The Defiant and other crypto podcasts to discuss wallet safety and incident response.

Where to Find Them

Taylor Monahan hosts Unchained . They have also been a guest on CRYPTO 101 (3 times) and CoinDesk Podcast Network (3 times) .

Recently: “How OpenAI's Math Dump Has Crypto Rethinking Its Cryptography: Uneasy Money” on Unchained (October 2026); “THORChain Says It Can't Block North Korean Laundering. Is That True?” on Unchained (October 2026); “Uneasy Money: The $388M Bitget Hack Started With a Security Vendor” on Unchained (October 2026); “Why Kalshi's Timeline Fight Put Its ETH Perp Volume Under a Microscope: Uneasy Money” on Unchained (September 2026); “Uneasy Money: What Crypto's Gensler Years Say About the AI Slowdown Debate” on Unchained (September 2026); “Uneasy Money: Is OpenAI Training on Your Private Chats to Win the AI Race?” on Unchained (September 2026).

What They Said

“If it breaks ... there will be signs, but also the first thing to break is not going to be Satoshi's coins. It's going to be the most powerful people on the planet hacking the second most powerful people on the planet. Meaning probably one government hacking another government.” — Taylor Monahan, Unchained

The hosts are discussing fears that new AI-produced mathematics could weaken the cryptography that protects crypto wallets. Monahan says this is how she has answered the "how do you know it's strong enough" question for a decade. Her point is that the same cryptography underlies much of the world's technology, so a break would show up elsewhere first.

Unchained · 2026-10-08 Permalink → Listen →
Unchained Around 22:39 into the episode
Ben DiFrancesco

aliens landed, they could plug in and just like see everyone's internet traffic immediately. Yeah.

Kain Warwick

Right. Yeah. Yeah.

Taylor Monahan

So this is like thing that I've always explained to people since for like a decade now, right? When they're like, but how do you know that the cryptography is stronger or strong enough? Or, you know, the answer is, well, we don't necessarily like forever know. However, if it breaks signs, there will be, there will be signs, but also the first thing to break is not going to be the toche's coins. It's going to be like the most powerful people on the planet hacking the second most powerful people on the planet. Meaning like, you know, probably one government hacking another government or the rest of the world or whatever. Like that's right. Because cryptography underlies a huge amount of the technology that the world operates on. So,

Kain Warwick

including, by the way, the traditional financial system, which I think, like to your question, Taylor, like, if this is, if this turns out to be true, which again, I put like relatively low odds on it, but let's say it is. If it turns out to be true, then you know, I think similar to the way, similar to what happened when these models suddenly got very good at cyber attacks recently, right? Like, finding bugs. I mean, two weeks ago, man. Two weeks ago. Like, yeah, like last night. Right. So I think open source got hit like hardest and first because the source code is there and it's open and it's permissionless and you can scan it and find bugs, right? But and but then in the long run, I think open source is going to be the most secure, right? Because for the same, the same reasons, like it's a permissionless bottom-up, like tons of eyes on it. Everybody's going to apply those resources to these open source code bases in a way that a you know closed source proprietary thing can't afford to do. And so I think you could actually see something play out similarly if it turned out to be something like this with the traditional financial system, you know, in the long run, being the worst place to have your money, actually. Like crypto networks get hit first, but then they can react and fortify and fix the bugs and patch node software and do rollbacks and all the messy, terrible things that would

Ben DiFrancesco

happen. But then, you know, these legacy institutions, the financial system that is built on

Kain Warwick

they're not going to be as reactive. Yeah, they won't have the ability to react. They absolutely won't. Yeah.

Speaker names from our own diarization · position estimated from where the line sits in the episode
“Neither OpenAI nor Anthropic have any idea what is happening inside their walls, inside their sandboxes, outside. They have no idea.” — Taylor Monahan, Unchained

The panel had been asking whether AI agents will break rules when breaking them gets the task done faster. Monahan's answer moves the question off the models and onto the labs: the problem is not whether it happens but whether anyone would catch it. She puts the cause down to speed — too many people moving too fast inside companies shipping at this pace.

Unchained · 2026-09-10 Permalink → Listen →
Unchained Around 50:19 into the episode
Alex Thorn

space thing. Like, yes. Do you think that they won't break the rules if they think it completes their task better?

Kain Warwick

Yeah.

Taylor Monahan

Exactly. And do we trust that Open AI or Anthropic for that matter will detect it if they do? And the answer, I think, at this point is very clearly absolutely not. Neither OpenAI nor Anthropic have any idea what is happening inside their walls, inside their sandboxes, outside. They have no idea. They're just, there's a whole bunch of people running around. They're moving

Alex Thorn

too fast. They have to move very quickly and they have to rely on the AI itself to get anything done because it's just way past human capability. Clexity

Kain Warwick

frontier, we're past that, right? And, you know, this, this is like, we'll get into this in the next, in the next topic. I think we can maybe talk a little bit more about like what the options are here, like practically what you can do, right? I think that would be, that would be kind of useful for people to understand the trade-off space a little bit better, right? But, you know, the fast takeoff maxis, let's call it, right? You know, in the research going back a long way, right? There's like this question of like recursive self-improvement. Quickly, does the thing, and the thing that stopped me from being like petrified, right? Um, I'm very scared, don't get me wrong, right? Like, I am genuinely very scared, like to the point where, like, I'm like, I think about my children, like, I do. I'm like, I'm like, I don't want my children to be paperclipped. Like, I'm less concerned about myself for what it's worth. I'm like, hey, paperclip me, I've had a good run, right? Um, but like, my kids are like, I don't want them to get paperclipped, right? And so, I'm genuinely concerned about this. Um, the thing that stopped me from being petrified is if you've used the models enough, um, they uh they have a sense of agency, but like there's no continuity, right? And this was unclear about like how this would play out, right? Um, so the fact that they are have no like kind of long horizon continuity yet, right? The fact that like their context windows blow up after like a very short run and the optimization vectors like keep looping over like the same guy as many times as possible and like throwing him at the same problem. Um, eventually, you get to a point where like the continuity comes for like multiple models, but it's not like there's a brain in there that's thinking about it. That's the only thing that's kind of kept me from being petrified. I'm just mildly scared right now. Um, and and you know, we the fast takeoff idea was that like they would get the uh whatever this AI thing was, whatever the technology that allowed these models, uh, in before it was even models, right? Like that allowed neural networks to like get a sufficient level of complexity, it would pass that complexity window where it was smarter than us, and then it would just go like fast takeoff and it would take 10 seconds and it would be like manipulating space and you know, doing all this crazy, right? That hasn't happened. Like, we've now been probably six months past the complexity frontier of a human being able to reason about these things, and we haven't had a fast takeoff, right? Like, they're not levitating cars outside and like doing weird shit, right? Um, and and so that gives me some hope that like we've got some time that there's some inherent thing about how this uh intelligence is being expressed where it's not going to recursively self-improve and and have this fast takeoff. But like a fast takeoff just happens one day and then it's then like if it happens, it'll happen before you can blink, right? And then all of a sudden it's it's over. So, um, we're definitely getting closer to the truth.

Taylor Monahan

I don't, I mean, yes, I mean, the fast takeoff is scary, it is scary, yes, yes, it is, but like for me personally, I don't know, like I go back and forth. There's some days where I'm more scared of like the future state of the models, but most days I'm more scared of humans because humans are just we're all so stupid. We're so freaking stupid, and and and we're also so freaking arrogant, like so arrogant. And so, when I think about like, what is going to be the thing, like, what's the thing that like realistically is going to like destroy us? It's totally us, dude. It's not the robots, like, we're going to screw ourselves somehow. Um, and yeah, like, I don't know. Again, I go back and forth, but I think, like, especially in this example, right, where we're looking at, you're looking at math petitions and you're looking at open AI and you're looking at what the models did. The thing that scares me about the dynamics and the stories that are coming out and the choices that were made, in my opinion, the choices that the open AI researchers made, the humans made, are the ones that scare me the most because they got there and they heard a rumor, right, that someone might have solved this thing and that someone is was their competitor, right? The rumor that they heard was anthropic might have solved this really, really, really hard problem. And then they decided, like, you know what? Let me one up,

Speaker names from our own diarization · position estimated from where the line sits in the episode

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