• Bitcoin,  Security,  Technology

    6 Million Bitcoins Exposed to Quantum Risk

    Glassnode research shows many exchanges hold unsafe BTC

    Some six million bitcoins, or 30% of the issued supply, are exposed to the quantum risk of theft. Analytics provider Glassnode said those bitcoins have exposed public keys, making them vulnerable to the risk that quantum computers may eventually be able to break their encryption and figure out private keys used to move BTC from their identifying public keys. The risk to bitcoin from quantum computing is still theoretical, with some experts saying it is a decade or even decades away, while others fear that it could be closer. The U.S. government has set 2035 as the date by which all government data must be quantum-resistant. There are ways the…