Quantum Computing Poses Major Risks to Cryptocurrencies and Security

WHO:

NY Post - A big crypto investor expressed concern about the implications of quantum computing on cryptocurrencies.

Phys.org - Alessandro Curioni, IBM's Europe and Africa vice president, highlighted the risks associated with quantum computing.

WHAT:

NY Post - The cryptocurrency industry is reportedly scrambling to address the threats posed by quantum computing.

Phys.org - Quantum computing has the potential to crack security encryptions and enable large-scale cyberattacks.

WHERE:

Phys.org - The warnings about quantum computing risks were made by an IBM executive, indicating a global concern.

WHY:

Phys.org - Organizations are unprepared for the risks posed by quantum computing, which could lead to significant security vulnerabilities.

HOW:

Phys.org - The high-speed technology of quantum computing is capable of breaking existing security measures, which raises alarms for digital assets and passwords.

(UPDATED October 15, 2026 01:20 UTC)

A prominent crypto investor has raised alarms about the potential dangers that quantum computing poses to cryptocurrencies, prompting the industry to scramble for solutions. Alessandro Curioni, IBM's vice president for Europe and Africa, echoed these concerns, emphasizing that quantum computing could easily crack security encryptions and facilitate large-scale cyberattacks. With many organizations unprepared for these risks, the rapid advancement of this high-speed technology is creating significant vulnerabilities for digital assets and passwords worldwide.