News
Public · Published
Sui Co-Founder Is Building Quantum-Safe Hardware Wallets For $10
Mysten Labs co‑founder and chief cryptographer Kostas Chalkias has quietly leased a factory to mass‑produce quantum‑resistant hardware wallet cards for the Sui blockchain, costing $10 each, to protect users from quantum‑based attacks that recently caused about $130 million in losses for Bitcoin holders.
Published:
Updated:
What happened
Mysten Labs co‑founder and chief cryptographer Kostas Chalkias has quietly leased a factory to mass‑produce quantum‑resistant hardware wallet cards for the Sui blockchain, costing $10 each, to protect users from quantum‑based attacks that recently caused about $130 million in losses for Bitcoin holders.
Confirmed
Global impact / market context
Quantum‑safe wallets could become essential as future computers may break current cryptography, so offering affordable protection helps Sui attract users who fear security breaches, potentially boosting adoption and network value.
Analyst inference
The announcement comes after a high‑profile quantum‑related hack that wiped billions from Bitcoin, highlighting a growing awareness of quantum risk across crypto assets and prompting other projects to consider similar safeguards.
Analyst inference
What to watch
- Production ramp‑up at the leased factory and the first shipment dates, which will indicate how quickly users can obtain the $10 wallets. Proposed
- Adoption rates among Sui users, measured by wallet sales or on‑chain activity, to gauge market demand for quantum‑resistant security. Proposed
- Regulatory or industry responses to quantum‑safe hardware, such as standards or certifications, that could affect broader crypto security practices. Proposed
Affected assets
- SUI — Sui
- BTC — Bitcoin