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All told, some 134 NFTs appear to have been transferred to the hacker’s wallet on Monday morning, a number of which were Bored Ape assets,

The Instagram account belonging to the popular NFT collection Bored Ape Yacht Club (BAYC) was hacked on Monday. According to BAYC itself, the hacker used the access to launch a phishing scheme that stole millions of dollars in non-fungible tokens (NFTs) from the account’s followers.

Coleman argues that two cultures have been colliding in the United States for years — the culture of hacking and the culture of intellectual property favored by the entertainment industry. Yet this clash has taken place in the shadow realm of code, intellectual rights, and things that glow in the night. The combatants and their weaponry sport strange monikers: Warez, Debian GNU, SOPA. They are fighting for nothing less than what Lawrence Lessig calls the "future of ideas," what it means to be a free individual, and the nature of that elusive beast, software, which is pushing the wave of the future.

Even the most bullish proponents of quantum computing say we’ll have to wait a while until the machines are powerful enough to crack encryption keys, and many doubt it will happen this decade — if at all.

Condensed matter theory physicist and quantum information expert Sankar Das Sarma has argued in MIT Technology Review that quantum computers remain a very long way away from cracking RSA-based cryptography.

An example of the methodology in crypto is the creation of a new wallet that generates a public address and private key.

Quantum security is seen as a major issue in the blockchain and crypto sector and it is widely believed that powerful quantum computers will one day become advanced enough to hack current cryptography.