Richard Teng said traditional finance may be an easier target as quantum computers (advanced ultra-fast computing systems) raise security concerns across digital and conventional markets.
Binance CEO Richard Teng said crypto will adapt faster to quantum computers (advanced ultra-fast computing systems) and that traditional finance will be the easiest target. His comments point to a common industry concern: quantum computing could challenge existing cryptographic security systems, including those used in blockchain networks (shared digital ledgers) and conventional financial infrastructure. The source did not provide further details on timing, specific technical measures, or the context of Teng’s remarks.