Companies that spent years building up bitcoin treasuries are now reportedly exiting the market, while on Wednesday (April 1) the Solana-based DeFi exchange Drift suffered an attack that drained $285 million in digital assets.

And a new report from Google, titled “Safeguarding cryptocurrency by disclosing quantum vulnerabilities responsibly,” is only adding to the sector’s woes by highlighting the fact that quantum computing capable of breaking the cryptography underpinning bitcoin, ethereum and nearly the entire public chain ecosystem, is getting closer to reality.

“We want to raise awareness on this issue and are providing the cryptocurrency community with recommendations to improve security and stability before this is possible, including transitioning blockchains to post-quantum cryptography (PQC), which is resistant to quantum attacks,” Google researchers wrote.