Binance Security Chief Addresses Quantum Computing Threats to Crypto

In a recent Q&A session, Binance's Chief Security Officer, Jimmy Su, reassured crypto users that quantum computing does not pose an immediate threat to their holdings. Instead, he pointed out that the main risks come from phishing, malware, and compromised credentials.

Su acknowledged the long-term security concerns associated with quantum computing but stated, "Quantum computing is a real long-term security issue, but it’s not an immediate threat to your crypto today. The important thing is that we prepare before that changes." He emphasized that the most significant threats to crypto assets today stem from everyday security lapses.

Data from the first half of 2026 supports Su's claims, revealing that approximately $972 million was stolen across 207 hacks, primarily due to operational weaknesses and human error rather than quantum-related vulnerabilities. Blockchain analytics firm TRM Labs noted that about 76% of losses were linked to compromised infrastructure.

Su recommended that users adhere to basic security practices, such as:

• Keeping recovery phrases and private keys secure.
• Using reputable wallet software.
• Installing software and security updates promptly.
• Limiting unnecessary address reuse where applicable.