Giving AI Agents Access to Cryptocurrency and Smart Contracts Creates New Vectors of AI Harm

There is growing interest in giving AI agents access to cryptocurrencies as well as to the smart contracts that transact them. But doing so, this position paper argues, could lead to formidable new vectors of AI harm. To support this argument, we first examine the unique properties of cryptocurrencies and smart contracts that could give rise to these new vectors of AI harm. Next, we describe each of these new vectors of AI harm in detail, providing a first-of-its-kind taxonomy. Finally, we conclude with a call for more technical research aimed at preventing and mitigating these new vectors of AI , thereby making it safer to endow AI agents with cryptocurrencies and smart contracts.