Quantum Threat Looms: SEC Warns of Bitcoin and Ethereum Vulnerability

The US Securities and Exchange Commission (SEC) has sounded the alarm about a potential security crisis for cryptocurrencies in the face of quantum computing. A new submission to the SEC’s Crypto Assets Task Force warns that if left unaddressed, current encryption methods will be rendered obsolete by 2028. This could result in trillions of dollars worth of crypto assets being at risk.