AI has been a ‘net negative’ for crypto: Phemex CEO Post author:MiamiCrypto Post published:September 16, 2026 Post category:latest news Federico Variola says AI has diverted capital from crypto and is empowering attackers, while rising cybersecurity costs could push the industry toward greater centralization. You Might Also Like Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss August 3, 2026 Warren claims SEC’s Atkins likely misled Congress over enforcement data April 19, 2026 SEC charges Donald Basile in $16M crypto fraud tied to ‘insured’ token April 18, 2026