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Binance founder Changpeng Zhao has pushed back against growing anxiety over quantum computing’s threat to digital assets, saying that the danger is currently being overstated. Zhao’s comments follow recent research from Google’s Quantum AI team suggesting that future quantum computers could break widely used encryption far faster than previously estimated.

“No need to panic,” Zhao wrote on X on Monday, responding to viral claims that quantum computers could soon break crypto wallets. “Crypto will upgrade,” he added, pushing back on suggestions that the risk is imminent.

Zhao’s comments follow recent research from Google’s…