Researcher breaks 15-bit elliptic curve key in ‘largest quantum attack,’ wins 1 bitcoin bounty from Project Eleven
Independent researcher Giancarlo Lelli successfully derived a 15-bit elliptic curve key using a public quantum computer, winning 1 bitcoin bounty from Project Eleven. This marks the largest quantum attack on cryptography to date. The breakthrough highlights growing vulnerabilities in current encryption systems, raising concerns for blockchain security and cryptocurrency assets globally, including Indian exchanges and wallets relying on elliptic curve cryptography.
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