bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights
‹ BackNewsprivate key

private key

quantum attac
2026-08-10 03:45:57

Quantum Attack May First Surface as Unexplained Crypto Wallet Thefts

Christopher Smith, founder of blockchain startup Quantus, said the first quantum attack may appear as a string of unexplainable crypto wallet thefts, not as a heist of the estimated $63 billion in dormant bitcoin attributed to Satoshi Nakamoto. A sufficiently powerful quantum computer could derive private keys from public keys exposed on-chain, enabling transfers without breaching wallets, devices, or exchange internals. In a breach of a highly secure institution, the only forensic evidence might be the absence of intrusion traces. Smith sees military systems and state secrets as early targets, while in crypto, Tether's minting keys could be more valuable—allowing an attacker to create tokens at will and dump them before the issuer responds. Google has accelerated its post-quantum migration timetable to 2029, and Smith puts the probability of quantum computers breaking modern cryptography around 2028 at 50-50. Some blockchains already, Smith noted, have started moving to post-quantum signatures.

1780
Quantum Attack May First Surface as Unexplained Crypto Wallet Thefts
self-custody
2026-08-05 06:02:56

CryptoQuant Founder: Self-Custody Isn't Always the Safest Choice

CryptoQuant founder Ki Young Ju pushed back on "not your keys, not your coins" in an X post, saying it doesn't apply to most people. He compared home safes to bank vaults, noting that lack of expertise makes home storage merely a labeled box. Self-custody also removes any party to blame when problems arise, which is why many still avoid DEXs. The safest option, he said, is what users can actually handle.

1530
CryptoQuant Founder: Self-Custody Isn't Always the Safest Choice