We prove that indistinguishability obfuscation (iO) and one-way functions do not naturally reduce to any language within $NP \cap coNP$. This is proved within the framework introduced by Asharov and Segev (FOCS '15) that captures the vast majority of techniques that have been used so far in iO-based constructions.

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We consider the question of whether average-case PPAD hardness can be based on standard cryptographic assumptions, such as the existence of one-way functions or public-key encryption. This question is particularly well-motivated in light of new devastating attacks on obfuscation candidates and their underlying building blocks, which are currently the only ... more >>>