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Quantum computing could eventually break crypto wallets, and Coinbase says the fix must start now
Jun 12, 2026
< 1 min read
by Micah Abiodun
for CryptoPolitan
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AI Overview
On June 11, Coinbase's Quantum Advisory Board (CQAB) warned developers and crypto holders to begin migrating to quantum-resistant cryptography, saying future quantum computers could steal billions of dollars in cryptocurrencies held in wallets. The report frames quantum-resistant upgrades as a priority security and protocol update for blockchains, wallets and DeFi projects to mitigate systemic risk and protect adoption and funding ahead of quantum maturation.
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In its report released on June 11, Coinbase’s Quantum Advisory Board (CQAB) urged blockchain developers and crypto holders to begin migrating toward quantum-resistant cryptography. They warned that billions of dollars’ worth of cryptocurrencies stored in wallets can be stolen by quantum computers in the future when quantum computing technology reaches a sufficiently mature stage. Major...
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