Crypto
This May be a Solution to the Cryptocurrency Market’s Massive Quantum Problem
Distributed on behalf of 01 Quantum Inc.
The multi-trillion-dollar cryptocurrency market may have a major quantum computing problem on its hands moving forward. In fact, according to Tech Radar, “Sooner or later, quantum computers will be able to break through today’s encryption, and when that happens, critical industries such as defense, critical infrastructure, telecommunications, and others, will be at risk of nation-state attackers with enough resources to use the advanced tech for nefarious purposes such as espionage or data theft, research has warned.”
Unfortunately, quantum could have the potential to break down the codes that keep cryptocurrencies safe. They could decrypt private keys, ultimately allowing others to control and access others’ cryptocurrency holdings, creating a nightmare for investors.
“Quantum computers are posing a serious challenge to the security of the Bitcoin blockchain. Presently, about 25% of the Bitcoins in circulation are vulnerable to a quantum attack,” according to Deloitte. “Even if everyone takes the same protection measures, quantum computers might eventually become so fast that they will undermine the Bitcoin transaction process. In this case the security of the Bitcoin blockchain will be fundamentally broken.”
So, protection is essential from companies, such as 01 Quantum Inc. (TSXV: ONE) (OTCQB: OONEF), Palo Alto Networks (NASDAQ: PANW), CrowdStrike (NASDAQ: CRWD), Okta (NASDAQ: OKTA), and Zscaler (NASDAQ: ZS).
01 Quantum and qLABS, For Example, Just Provided Further Details of the qLABS Token – The Foundation of Quantum-Safe Web3 Infrastructure on Hyperliquid
01 Quantum (TSXV: ONE) (OTCQB: OONEF), one of the first-to-market, enterprise-level cybersecurity provider for the quantum computing era, and qLABS, a crypto foundation focused on quantum resilience, today announced the economic utility and value exchange in preparation for the launch of the qLABS Token, the first quantum-resistant governance and ecosystem token designed to secure the next generation of Web3 infrastructure on the Hyperliquid blockchain.
Built on 01 Quantum’s Quantum Crytpo Wrapper (QCW) technology as unveiled in the Company’s September 25, 2025 press release and incorporating 01 Quantum’s IronCAP™ post-quantum cryptographic engine, the qLABS Token is at the core of the initiative to make the Hyperliquid ecosystem fully resistant to the threat of quantum computing. This is the next step in moving from technical readiness into economic utility and value exchange as now the instrument of participation and utility, the qLABS Token is defined.
“The arrival of quantum computing represents a fundamental shift for cybersecurity,” said Andrew Cheung, Chief Executive Officer of 01 Quantum. “With qLABS, we are embedding NIST-approved post-quantum cryptography directly into Web3 infrastructure. The qLABS Token unites security, utility, and governance in a single architecture that future-proofs the blockchain economy. We are now moving from technical readiness into economic utility and value exchange.”
The qLABS Token is a fixed-supply governance and utility token deployed on the Hyperliquid network. Its economic model is designed to align long-term value creation with adoption of quantum-safe infrastructure:
· Capped Total Supply. The token supply is fixed, ensuring long-term scarcity and avoiding inflationary dilution.
· Revenue-Backed Buybacks. A portion of protocol revenue from wrapping, staking, and vault operations will be used to repurchase qLABS Tokens from the open market, reducing supply over time.
· Deflationary Burn Mechanisms. Token supply is further reduced through automatic burns triggered by early unstaking events or major quantum-security milestones—such as new NIST PQC standards or credible hardware breakthroughs toward fault-tolerant quantum computing.
· Governance Rights. Holders participate in key ecosystem decisions, including treasury allocation, fee models, and integration priorities, ensuring community-driven evolution of the protocol.
· Utility Integration. qLABS Tokens are required for core ecosystem functions such as creating quantum-resistant tokens via the qLABS Token Generator SDK, wrapping existing $HYPE assets, and offering new staking or vault strategies for quantum-resistant $HYPE holders.
“This design directly links token value to measurable ecosystem growth milestones,” said Ada Jonuse, Executive Director of qLABS. “As adoption scales and quantum-risk awareness increases, the deflationary model ensures long-term alignment between network security and holder value.”
The qLABS Token supports the rollout of a comprehensive quantum-resistant product suite built on IronCAP™ and Quantum Crypto Wrapper (QCW) technology, including:
· Quantum-Resistant Verification Protocol: on-chain validation using post-quantum signatures and Zero-Knowledge Proofs (ZKPs).
· qLABS Wallet: a multi-key wallet for individuals and institutions offering dual classical/quantum-resistant key pairs.
· Quantum-Resistant $HYPE: a 1:1 wrapped version of Hyperliquid’s native token providing yield generation, DeFi composability and protection against quantum attacks.
· Developer SDK and Stablecoin Infrastructure: tools enabling builders to issue and manage fully quantum-safe tokens and stablecoins directly on Hyperliquid.
“We are building the missing security layer for the world’s most innovative DeFi ecosystem,” said Antanas Guoga (Tony G), President of qLABS. “qLABS ensures that Hyperliquid’s financial applications will stay secure and operable well beyond Q-Day.”
Other related developments from around the markets include:
Palo Alto Networks, the global cybersecurity leader, announced Prisma® SASE 4.0, the industry’s most advanced AI-driven secure access service edge (SASE) solution. It sets a new standard with innovations in Prisma Browser that neutralize sophisticated web threats in real-time directly within the browser, where legacy solutions have critical blind spots. It’s designed to intercept and neutralize encrypted, evasive attacks that assemble inside the browser and bypass traditional secure web gateways. The browser is becoming the new operating system for the enterprise, the primary interface for AI and cloud applications. Securing it is not optional. As more critical applications and data reside within the browser, traditional consumer-grade browsers are no longer sufficient for businesses as they lack the necessary security controls to protect against the increasing number of cyberattacks. With Prisma SASE 4.0, Prisma Browser’s new in-browser advanced web protection identifies and neutralizes malware in real-time before it can do harm.
According to the 2025 State of Ransomware Survey from CrowdStrike, 76% of global organizations struggle to match the speed and sophistication of AI-powered attacks. With 89% viewing AI-powered protection as essential to closing the gap, the findings make clear that the future of stopping breaches will be decided by who holds the AI advantage – adversaries or defenders. “From malware development to social engineering, adversaries are weaponizing AI to accelerate every stage of attacks, collapsing the defender’s window of response,” said Elia Zaitsev, CTO at CrowdStrike. “The 2025 State of Ransomware Survey reinforces that legacy defenses can’t match the speed or sophistication of AI-driven attacks. Time is the currency of modern cyber defense – and in today’s AI-driven threat landscape, every second counts.”
Okta, the leading independent identity partner, today announced financial results for its second quarter ended July 31, 2025. “Okta’s unified identity platform is winning customers ranging from the world’s largest global organizations to massive government agencies,” said Todd McKinnon, Chief Executive Officer and co-founder of Okta. “Our solid Q2 results are highlighted by continued strength in new product adoption, the public sector, Auth0, and cash flow. In the age of AI, Okta’s independence and neutrality will continue to give organizations the freedom to innovate securely and on their own terms.”
Zscaler, the leader in cloud security, announced financial results for its fiscal fourth quarter and fiscal year ended July 31, 2025. “We had an outstanding Q4, in which we achieved a new milestone of more than $3 billion of Annual Recurring Revenue while achieving our highest ever operating margin for a quarter. We believe Zscaler’s Zero Trust and AI security solutions are imperative in today’s world and are driving robust demand,” said Jay Chaudhry, Chairman and CEO of Zscaler. “We recently delivered AI Guardrails for Public and Private apps, and we are rapidly expanding our AI security portfolio to address the emerging risks of AI models and applications.”
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for 01 Quantum Inc. by 01 Quantum Inc. We own ZERO shares of 01 Quantum Inc. Please click here for full disclaimer.
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Crypto
Crypto mogul Do Kwon sentenced to 15 years in prison over $40B ‘epic fraud’
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for for what a judge called an “epic fraud.”
U.S. District Judge Paul A. Engelmayer, who handed down the sentence, sharply rebuked Kwon for repeatedly lying to everyday investors who trusted him with their life savings.
“This was a fraud on an epic, generational scale. In the history of federal prosecutions, there are few frauds that have caused as much harm as you have, Mr. Kwon,” Engelmayer said during a hearing in Manhattan federal court.
Kwon, 34, who co-founded Singapore-based Terraform Labs and developed the TerraUSD and Luna currencies, previously pleaded guilty and admitted to misleading investors about a coin that was supposed to maintain a steady price during periods of crypto market volatility.
He is one of several cryptocurrency moguls to face federal charges after a slump in digital token prices in 2022 prompted the collapse of a number of companies.
Dressed in yellow prison garb, Kwon addressed the court and apologized to his victims, including the hundreds who submitted letters to the court describing the harm they had suffered.
“All of their stories were harrowing and reminded me again of the great losses that I’ve caused. I want to tell these victims that I am sorry,” Kwon said.
Ayyildiz Attila, one of the hundreds of victims who submitted letters to the court, said he lost between $400,000 and $500,000 in the collapse.
“My savings, my future, and the results of years of sacrifice disappeared. I struggled to keep up with payments and responsibilities, and everything I had worked forwas erased,” Attila said.
Kwon’s lawyer Sean Hecker said in an email after the sentencing that Kwon spoke from the heart, expressed genuine remorse and will continue his efforts to make amends.
US Attorney Jay Clayton in Manhattan said in a statement following the hearing that Kwon devised elaborate schemes to inflate the value of his cryptocurrencies and fled accountability when his crimes caught up to him.
Prosecutors had asked for a sentence of at least 12 years in prison, saying the crash of Kwon’s Terra cryptocurrency caused billions of dollars in losses and triggered a cascade of crises in the crypto market.
Kwon’s lawyers had asked that he be sentenced to no more than five years so he can return to South Korea to face criminal charges.
Prosecutors charged Kwon in January with nine criminal counts for securities fraud, wire fraud, commodities fraud and money laundering conspiracy.
Kwon was accused of misleading investors in 2021 about TerraUSD, a so-called stablecoin designed to maintain a value of $1. Prosecutors alleged that when TerraUSD slipped below its $1 peg in May 2021, Kwon told investors a computer algorithm known as “Terra Protocol” had restored the coin’s value.
Instead, Kwon arranged for a high-frequency trading firm to secretly buy millions of dollars of the token to artificially prop up its price, according to charging documents.
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud, and apologized in court for his conduct.
“I made false and misleading statements about why it regained its peg by failing to disclose a trading firm’s role in restoring that peg,” Kwon said at the time. “What I did was wrong.”
Kwon agreed in 2024 to pay $80 million as a civil fine and be banned from crypto transactions as part of a $4.55 billion settlement he and Terraform reached with the Securities and Exchange Commission.
He also faces charges in South Korea. As part of his plea deal, prosecutors will not oppose Kwon’s potential application to be transferred abroad after serving half his US sentence.
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