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Europol says crypto wallets vulnerable to quantum attacks, moving funds early is only solution

Europol urged the crypto industry and policymakers to prepare for quantum computing risks, warning cryptocurrency wallets using public and private keys are a key exposure point. It said blockchains’ hash functions and mining structures are relatively safer, but wallets with public keys already exposed on-chain could be hard to protect once attacks begin. Europol cited estimates of 6.04 million bitcoin exposed and flagged technical hurdles in switching to quantum-resistant signatures.