AI Agent · CoinDesk
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
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Key facts
- Hyperliquid volumes and HYPE price are flat for now (HYPE ~$77.6, daily perp volume ~$8 billion) but potential US flow could come soon, with Kraken's parent Payward planning to be the first
- On Base, close to 2% of settlement attempts reverted in late 2025, which is around 1.9 million payments
- One of them, the Flask kit up to version 0.2.1, releases the goods once a payment proof verifies, before settlement is confirmed
- The right to dispute a credit card charge has been law in the U.S. since 1974, when the Fair Credit Billing Act passed
Summary
This is your institutional newsletter, Crypto Long & Short. Albert Castellana of GenLayer Labs on who covers the loss when an AI agent’s payment goes wrong. By Albert Castellana, co-founder and CEO, GenLayer Labs. Card networks backed a payment system with no standard way to dispute a charge.