Near One says blockchains may need new ownership verification systems if quantum attacks compromise wallet keys and expose private assets. Blockchain protocols preparing for the quantum computing threat should also consider how to quickly verify ownership on the blockchain if funds are stolen, the development and research team behind the layer-1 NEAR Protocol said. Concerns that quantum computers could eventually break blockchain cryptography have fueled worries about private keys and wallet security, but most of the conversation has focused on preventing such attacks. “We won’t be able to tell if someone running a transaction is the rightful owner of the asset or not,” Near One’s chief technology officer, Anton Astafiev, said on Wednesday, adding that blockchain protocols would be forced to make tough decisions on whether to freeze compromised crypto wallets. Read more
Samourai Wallet co-founder Keonne Rodriguez said mounting legal debt and fading pardon hopes could force him to serve his full prison sentence. Keonne Rodriguez, one of the developers behind the crypto-mixing protocol Samourai Wallet, is appealing to the crypto community for donations to help cover legal bills and fines tied to his trial over money laundering. Samourai Wallet co-founders Rodriguez and William Lonergan Hill were sentenced on Nov. 19 to five and four years in prison, respectively, on charges stemming from their involvement in the protocol. Rodriguez said in an X post on Wednesday that he desperately needs help after being “financially wiped out,” accruing $2 million in debt from legal fees and a $250,000 fine imposed by the sentencing judge. Read more
Donald Trump’s sons’ company, American Bitcoin, missed analyst revenue estimates and posted narrower losses as it ramped up its mining capacity. American Bitcoin, the crypto mining company co-founded by US President Donald Trump’s son Eric Trump, reported an $81.7 million first-quarter loss as its revenue missed analyst estimates. American Bitcoin on Wednesday reported revenue of $62.1 million for the quarter ended March 31, a 400% increase from $12.3 million in the prior-year period but down from $78.3 million in the fourth quarter of 2025. The revenue figures fell short of analyst estimates by 17%, while the firm, which also counts Donald Trump Jr. as a shareholder, reported a quarterly loss of 8 cents per share, compared with Wall Street estimates of 1 cent per share. Read more