Dragonfly Partner Opposes Crypto Industry Descending Into 'Doom Panic': Asset Migration Is Not a Fundamental Solution; Instead, an Active Recovery Mechanism Should Be Established

Dragonfly Capital managing partner Haseeb Qureshi criticized Ethereum researcher Justin Drake’s proposed "Bunker Mode" as "cryptographic doomsdayism", arguing that once AI breaks through cryptographic signature mechanisms, simply migrating assets to new addresses will not fundamentally solve the problem. If assets in other addresses are stolen and sold off en masse, even if migrated assets are temporarily safe, their value could be severely impacted. Qureshi proposed that blockchain networks est

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