Quantum hackers can bring down Bitcoin: expert

NEW YORK – $3 trillion of cryptocurrency assets are, or soon will be, vulnerable to hacking by quantum computers, one of China’s top cryptographers told an Asia Times webinar on November 30.

You won’t know if it’s happening until it’s too late, Professor Jintao Ding of Tsinghua University explained. And the best thing about hacking Bitcoin, he explained, is that it isn’t against the law.

Crypto analysts have worried about the quantum invasion for some time. Motley Fool’s Zhiyuan Sun wrote in September, “The rise of quantum computing may soon give governments a means to crack down on Bitcoin and other types of cryptocurrencies… Governments could potentially decrypt digital currencies or launch hash attacks to take over their network for a regulatory shutdown with these machines.”

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