Google Quantum AI released a whitepaper warning that cracking 256-bit ECC, widely used in crypto wallets, requires fewer resources than expected. With under 500k physical qubits, it could be cracked in minutes. Google urged the industry to accelerate its migration to Post-Quantum Cryptography (PQC).

Dragonfly Managing Partner Haseeb noted this research improves ECDSA cracking efficiency by ~20x, pushing the expected PQC migration timeline forward to around 2029. He highlighted Google's high caution, as they verified the results using #ZK proofs without revealing the actual quantum circuits.
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