Binance Security Chief Says Quantum Computers Are Not What Steals Crypto Today

Binance’s chief security officer Jimmy Su argued that quantum computing is not an immediate threat to crypto holders, saying current losses are driven instead by phishing, malware, social engineering, compromised credentials, and poor wallet security. The article frames quantum risk as a long-term issue, but not the source of today’s hacks. Supporting that view, TRM Labs reported about $972 million stolen in 207 crypto hacks in the first half of 2026, with infrastructure and operational compromises causing roughly 76% of losses despite representing only about 15% of incidents. SlowMist data also showed most attacks stem from contract/logic flaws and private key or credential compromises. Market impact is limited and mainly sentiment-driven, reinforcing a cautious but not panic-inducing security narrative for Bitcoin and the broader crypto market.